Webpages
Dec 5, 2022
Borrowers Loan Protection is PCBB’s unique hedging solution where you do not have the administrative or accounting challenges of back-to-back swap.
Dec 5, 2022
A selection of market rates, updated daily.
Dec 3, 2022
Resources for financial institutions, including bank merger, economic, and market rate trends. Plus checkout podcasts, whitepapers, and webinars and more.
Whitepapers
Oct 1, 2021
Everything you need to know about SOFR and using it post-LIBOR.
Webinars
Feb 27, 2019
In this webinar, hosted by the Western Bankers Association, learn why LIBOR is being replaced, the impact of the replacement, and transition implementation tips.
Economic Indicators
Oct 20, 2022
Bottom Line: Claims fell sharply last week, alleviating concerns, for now, of a second wave higher, as we had seen in the summer. Claims fell nearly 12k last week, dropping back to just 214k, a level that suggests historically tight...
Sep 15, 2022
Bottom Line: After moving higher throughout July, claims continued to move lower throughout August and into September. While there were some distortions due to the Labor Day holiday, the trend is to the downside again. All this suggests the labor...
Sep 8, 2022
Bottom Line: After moving higher throughout July, claims continued to move lower through the week leading up to Labor Day weekend. Moreover, there were negative revisions to the prior week's tally. The trend in claims is now mixed to lower...
BID Newsletters
Dec 15, 2021
We have been talking about the transition away from LIBOR for a few years now and the end date is upon us. No new LIBOR exposures are allowed after December 31, 2021. Many community financial institutions are making progress, but only 24% had set a replacement rate, as of this summer. Is your institution prepared for LIBOR’s end date? Here are a few recently released regulatory expectations, to keep you moving for a successful transition.
Oct 13, 2021
The LIBOR transition is well underway. But, how are financial institutions doing in their progress, with the deadline of January 1, 2022, looming? Some institutions have made firm decisions on the replacement index, while others are considering multiple replacement rates. We explore the findings from a recent accounting firm survey to give you an idea of how you compare to your peers in the LIBOR transition.
Apr 22, 2021
Time is ticking on the transition from LIBOR to SOFR and it is important to keep moving forward. Regulators have advised that using LIBOR for new contracts after 2021 would create safety and soundness risks. Four important reminders allow you to mitigate these risks and prepare for LIBOR’s discontinuation: assess your LIBOR cessation risk, create a plan, devise a solid timeline, and stay on track.
Jan 27, 2021
Since many community financial institutions have syndicated loans that are pegged to LIBOR, its discontinuation is especially important. Here are the next steps to take in the move from LIBOR to SOFR, including contract reviewing and using fallback language, for a seamless transition.
Dec 11, 2020
The LIBOR transition is underway. We outline ARRC's three qualities for a new benchmark and some key dates to keep you on track.
Mar 23, 2022
LIBOR was retired for new contracts at the end of last year. But, many community financial institutions have not started using SOFR, the recommended guidance of the Alternative Reference Rates Committee. Are you one of those institutions? Let’s explore why some institutions are hesitant to transition to SOFR and examine another replacement index option.
Nov 23, 2021
This year has certainly been a year of change. Today we look back on how some fundamental changes to the regulatory and cybersecurity landscape have affected community financial institutions. It’s been a year of renewed focus on compliance and risk, the LIBOR transition, and increasing threats from cybercriminals.
Mar 23, 2021
The transition from LIBOR to SOFR has been in the works for a while. But, now is the time to face it head-on. We give you six important steps to take right now to ensure you are compliant by the time LIBOR retires: organize your team, make a plan, communicate with stakeholders, assess exposures, remediate contracts, and set up operational readiness.
Jan 4, 2021
As we welcome in the new year, there are several regulatory areas to pay extra attention to. We cover COVID-19 flexibility, CECL implementation efforts, the LIBOR transition, CRA changes, and more.
Dec 29, 2021
While the BID takes a rest for the holidays, we revisit some of the year's most popular articles.
Sep 23, 2021
While waiting for lending activity to pick up, community financial institutions are still flush with cash and looking for ways to use it. Some have opted for securities, but there is another option available: syndicated commercial and industrial loans. This $1.5T market could provide opportunities for your institution’s liquidity right now. We explain how.
Mar 25, 2021
The WTO forecasts trade volumes will increase by 7.2% in 2021, bringing back robust global commerce. With that, community financial institutions will want to support their international business customers and trade finance is one way to do that. Not only does this help your customer, but your institution benefits as well with good returns, resilient assets, low defaults, and more.