July 2023
Credit and Institutional Depositors
By: D. James Lutter
Co-author: Todd Terrazas
Credit plays a significant role in wholesale and institutional depositors’ decisions when choosing financial institutions to work with. These depositors, often managing substantial funds, and are particularly concerned with the safety and creditworthiness of the financial institutions they engage with. Here’s how credit influences their decision-making process: Continue reading…
March 2023
Credit Update: A Storm Watch…Not a Warning
The recent and sudden panic-driven banking crisis is not the same as the Global Financial Crisis (GFC) of 2007-2008. While the current environment has echoes of the GFC, in our opinion, current events are substantially different. The GFC was caused largely by loose lending standards, particularly in the mortgage industry. Subprime and other lower quality loans and securities lost value rapidly. The decreases in valuations resulted in large losses and depleted capital at banks around the globe. Continue reading…
March 2023
Investment (Income) Matters
The nuts and bolts of investments, inflation, and cash flow in today’s economy.
It’s fair to say that 2022 was an interesting year with regard to the financial climate. What the Federal Open Market Committee, or FOMC, described as “transitory inflation” at the beginning of the year soon became the catalyst for the fastest interest rate hikes in recent history. The increase from 0.25% to 4.50% in less than 12 months was significantly faster than the last two tightening cycles (2004 and 2015). Continue reading…
By: Rajesh Chainani
This article originally appeared in the March 2023 School Business Affairs magazine and is reprinted with permission of the Association of School Business Officials International (ASBO). The text herein does not necessarily represent the views or policies of ASBO International, and use of this imprint does not imply any endorsement or recognition by ASBO International and its officers or affiliates.
January 2023
Continuing Disclosure for Municipal Securities: An Overview
The nuts and bolts of the SEC’s requirements on continuing disclosure related to municipal securities.
Most issuers of municipal bonds must provide specific financial information (annual information filing or AFI) to the market. After the closing of a bond issue, they must update that information on an ongoing basis in an annual filing known as “continuing disclosure.” Continue reading…
By: Tammie Beckwith Schallmo, Robert E. Lewis III, and Michael Malinowski
This article originally appeared in the January 2023 School Business Affairs magazine and is reprinted with permission of the Association of School Business Officials International (ASBO). The text herein does not necessarily represent the views or policies of ASBO International, and use of this imprint does not imply any endorsement or recognition by ASBO International and its officers or affiliates.
