Darling Consulting Group
A Deposit Perspective on the Great Fed Squeeze
Recorded On: 09/08/2022
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In its efforts to battle inflation, the Fed has triggered a Shocked Rising Rate environment with short-term market rates expected to move over 300bps in less than a year while Fed tapering continues to remove liquidity from the system. It is no surprise that managing deposit sensitivity is dominating strategic discussions, particularly as many institutions are facing the difficult question of how much runoff they are willing to accept before getting aggressive with deposit pricing. Competition is also intensifying as deposit specials quickly climb above 2% which is rapidly elevating cannibalization risk on the large non-maturity deposit base. The deposit pricing decisions you make over the next 100bps of Fed tightening will have a profound impact on margin and customer retention.
Join Darling Consulting Group on Thursday, September 8, 2022 at 2:00 PM ET for an inside look at customer deposit trends through this tightening cycle. We will share live case studies from our vast Deposits360°® client base on recent attrition and migration trends, successful deposit promotions, and overall insights into deposit strategies.
Managing Directors Joe Kennerson and Billy Guthrie will focus on:
- Cannibalization trends on recent deposit specials
- Pricing trends by product mix Deposits360°® volume and rate forecast baseds on the Fed’s tightening expectations
- Strategies to optimize new money growth and minimize cannibalization
Please forward this invitation to your team. Attendance at this free, CPE credit-eligible webinar is limited.
Billy Guthrie
Managing Director
Darling Consulting Group
Billy is a Managing Director at Darling Consulting Group, working directly with financial institution executives to validate and better understand key deposit assumptions utilized in risk models. In addition to supporting core deposit study analyses, he also educates DCG’s client base on utilizing data analytics to support strategic deposit decisions through Deposits360°®, DCG’s proprietary tool.
Billy began his career with DCG in 2008 as a financial analyst. He is a graduate of the University of New Hampshire with a degree in finance and management.
Joe Kennerson
Managing Director
Darling Consulting Group
Joe is a Managing Director at Darling Consulting Group, where he works directly with senior management teams on building customized balance sheet strategies to improve earnings and manage risk. Joe strives to be an expert in overall Asset Liability Management and educates ALCOs in the inevitable balance of financial performance and regulatory appeasement. In 2021, Joe spoke at 28 industry associations reaching nearly 3,000 bankers. He is an expert at helping bring clarity to the complex and delivers a high level of energy to his ALM presentations.Joe has been with DCG since 2005, where he has benefited from working with nearly a thousand ALCOs throughout the country on ALM and strategic initiatives. He lives in Boxford, MA with his wife and two children and has been an active member of the Big Brothers Big Sisters program. Joe is a graduate of the University of New Hampshire with a degree in finance.
Participants will earn 1.0 CPE credit
Field of Study: Management Services
Additional Information
Prerequisites: No prerequisite and/or advance preparation is required
Who Should Attend: This session is designed for all levels, including CEOs, Presidents, CFOs, Directors, CROs, treasurers, risk managers, model development and model risk practitioners, auditors, senior management, and analysts
Advanced Preparation: None
Program Level: Basic
Delivery Method: Group Internet Based
Cancellations and Complaints
For more information regarding complaints and/or program cancellation policies, please contact Janet Sunkenberg at (978) 463-0400 ext. 181.
Darling Consulting Group, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
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