Implications of FASB’s Changes to Hedge Accounting for Financial Institutions
Guest speaker webinar with Chatham Financial
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The FHLBank Chicago is pleased to announce that experts from Chatham Financial will join James Hotchkiss and Ashish Tripathy on the weekly market update webinar on Thursday, November 9. This webinar will discuss changes to hedge accounting for financial institutions. All FHLBank Chicago members are invited to attend.

How to access the webinar:
Click here to register for the webinar and select the November 9 webinar date from the dropdown menu.
• To join the call, dial 1-877-309-2074
• Access Code: 644-177-973
• Webinar ID: 501-122-531
• To view the presentation slides after the webinar, please visit the eBanking Knowledge Center 

Questions? Please contact James Hotchkiss or Ashish Tripathy.

Summary:
The FASB recently issued an Accounting Standards Update that will significantly change aspects of the current accounting guidance for derivatives and hedging activities. The proposed changes are designed to better align economic results of an entity's risk management activities with its financial reporting. The proposed changes will impact not only existing hedging strategies but also create new hedging opportunities that will allow risk management decisions to be less dependent on accounting rules. Join hedging experts Eri Panoti and Todd Cuppia from Chatham Financial as they share their views on how the changes will impact the accounting and reporting for common hedging strategies utilized by financial institutions. Eri and Todd will also provide insight on how to implement strategies that will become easier to account for as a result of the changes, including hedging prime indexed loans, pools of fixed rate assets, and callable debt.

Biographies:
Eri Panoti, Director, Hedge Accounting
Eri leads the Financial Institutions Hedge Accounting practice at Chatham Financial, which serves clients that range in size from $500 million to $150 billion. She advises clients on hedge accounting policy and application for both balance sheet risk management strategies as well as customer hedging needs. Prior to joining Chatham, Eri was manager of accounting policy on derivatives and hedging at KeyBank in Cleveland, Ohio. Eri has also held audit positions at Deloitte also based in Cleveland. She earned an MBA with Accounting Concentration as well as a BA in Business Administration from Baldwin Wallace University. Eri is a licensed Certified Public Accountant (CPA), a Chartered Global Management Accountant, and a member of the American Institute of CPA’s.

Todd Cuppia, Managing Director, Balance Sheet Strategies
Todd leads Chatham Financial’s Balance Sheet Strategies Practice assisting financial institutions manage complex economic risks. Prior to joining Chatham, Todd spent eleven years with Stifel Financial as a Managing Director in the Fixed Income Research and Strategy Group as the head of Government Sponsored Enterprise Debt strategy and Co-Head of Fixed Income Product Strategy. In this role, Todd advised financial institutions, state and local government entities, and pension funds on cross sector relative value, macro-based portfolio strategies, and derivative hedging strategies. Todd has been a frequent speaker at national investor conferences and has had numerous investment strategies featured in industry journals and financial newsletters.