Rate Environment Trends & New Accounting Standards
We’ll discuss recent trends in the interest rate environment, and the impact on interest-related valuations observed in the post-election era. Hedgers of rates are now able to account for those strategies more efficiently through ASU 2017-12 – published 8/28/17 – which further aligns accounting results with risk management practices. New concepts have been introduced to hedge accounting requirements, which are expected to allow more and more credit unions to apply hedge accounting to their risk management strategies.
Even though the new standards don’t take effect until 2020, early adoption is highly encouraged.
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Meet Your Speaker: Tim Potter, CPA - Manager, Hedge Accounting Group at HedgeStar
Mr. Potter is responsible for the delivery of hedge accounting services and all accounting related deliverables to HedgeStar’s clients. He is a subject matter expert in hedge accounting and compliance regulations, and is responsible for delivering training seminars to industry professionals and customers. His professional experience includes positions with top companies in the financial services sector such as PricewaterhouseCoopers, TCF Bank, and Pine River Capital Management. Mr. Potter holds a BA in Accounting and in Business Administration-Financial Planning from the University of Jamestown, a MS in Accountancy from The University of St. Thomas – Opus College of Business, and earned his CPA accreditation in 2008.