Now Is the Time to Do Our Homework on Deposits
"Failing to prepare is preparing to fail" -John Wooden
The definition of preparation is: the action or process of making something ready for use or service or of getting ready for some occasion, test, or duty.
I approach every quarterly ALCO meeting with the concept of preparation at the top of my mind. How can I prepare my client for the challenges ahead? How can we best position the balance sheet for the next “test?"
Each quarter, I prepare for ALCO meetings with an open mind and anything but a 'one size fits all' approach.
I consider balance sheet changes, the impact of an ever-evolving macro-economic environment, market-specific dynamics, regulatory focus (past or present) and all the other variables that make each discussion unique unto itself.