Not sure where to start with CECL? Accolade has prepared a timeline to help you breakdown the daunting task into easy to follow quarterly milestones.

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Default Risk is Transformed into Prepayment Risk for Agency MBS Investors

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FOMC members announced two important changes to their forward guidance.

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ALM modeling helps to understand the impacts of different interest rate environments on profitability and capital. While consistent and careful review of these reports is critical to strategy, it is doubly so when interest rate moves are anticipated.

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Agency MBS and CMOs are complex securities. Read more to learn about the differences between them and how they can impact your portfolio. 

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Non-Maturity Deposit Accounts are your primary source of funding, but they do not have contractual maturies or repricing schedules. To appropriately assess the interest rate risk of the balance sheet, assumptions must be made as to the rate sensitivity (betas) and expected maturity (WAL/decay rates) of these funds. 

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THE U.K. FINANCIAL CONDUCT AUTHORITY HAS CONFIRMED MOST USD LIBOR RATES WILL BE PUBLISHED THROUGH JUNE 30, 2023, PAVING A CLEAR PATH TO ELIMINATE LIBOR RISK FOR MOST CREDIT UNION INVESTMENTS.

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The updated rule will allow more credit unions to use this balance sheet management tool while managing interest rate risk and pursuing income strategies.

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Despite COVID, the economic crisis and several attempts to have CECL delayed further, CECL will still be effective for credit unions on Jan. 1, 2023. That seems a long way off, and you might be tempted to ignore CECL for the time being. However, many institutions that are already required to comply have stated they wish they had started the process earlier. Many would argue that the economic crisis and the potential for increased charge offs make CECL more relevant than before.

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