Commercial banking

Federal Reserve officials point to overnight reverse repurchase agreement activity as an indication of excess liquidity, which the central bank is working to reduce. But some analysts say that excess liquidity may be drying up faster than expected, with important implications for banks.

The synthetic securitization leaves the assets on Deutsche Bank's portfolio—the originator and arranger—making the investor syndicate a critical risk counterparty.

Scott Shapiro is the KPMG US Sector Leader for Insurance leading the firm's client experience and resources for the insurance practice. Shapiro joined KPMG in 2012 and has extensive experience in both industry and consulting, spanning over 30 years.

Brian Spinelli is co-chief investment officer of Halbert Hargrove, a $2.7 billion fiduciary investment management and wealth advisory firm serving clients across the West Coast and beyond.

Based in Long Beach, California, Spinelli has been with Hargrove, founded in 1933, since 2006.

That said, officials "reaffirmed that it would be appropriate for policy to remain at a restrictive stance for some time until inflation was clearly moving down sustainably."

Jen Truscott, senior vice president of Aetna Clinical Solutions, supports CVS Health's strategy to improve access, engagement and connection to care for members and customers. With an almost 30-year career in health care, Jen has worked across customer experience, behavioral health and more, garnering a deep understanding of how health care benefits can support members' holistic health.

Lisa Walsh is the senior vice president, investments, LJW Wealth Management of Raymond James.

For nearly 30 years, she has practiced a holistic approach to personalized planning that addresses the financial complexities inherent in the lives of high net worth individuals and families. She is based in Buffalo, New York.

Wendy Houser is the Chief Wholesale Officer for Markel Specialty, Chair of the Insurance Industry Charitable Foundation (IICF) Board of Governors, and past Chair of the IICF Southeast Division Board of Directors. Houser spent 10 years as a wholesale broker before joining Markel. She was promoted to Regional President in 2014, then served as Chief Territory Officer for the West. She is also a veteran of the U.S. Navy and Navy Reserves.

This is the program's third transaction, according to ASR's deal database. The notes have about 8.57% in credit support for all five tranches, which are all class A notes.

Matthew Leaney is the chief revenue officer at Silent Eight.

Uri Rivner is co-founder and CEO of Refine Intelligence.

James Gorman, chair and CEO of Morgan Stanley, expressed optimism in an interview Wednesday that the proposed Basel III endgame capital proposal would "definitely change" before it is finalized.

The end-of-year slowdown comes after a recent fall surge, but overall activity still finished 6% below late 2022 levels, according to the Mortgage Bankers Association.

Chris Dunn, CPA, is chief accounting officer at the Palisades Group.

Fraser Armstrong-Watters, CFA, is chief financial officer at the Palisades Group.