What's Working
https://my.fhnfinancial.com/ref/111890/Pages/p/whatsworking.aspx?ItemId=28803
Many depositories are using interest rate swaps to manage net interest margins and interest rate risk. In August 2017, FASB revised its rules to improve hedge accounting by adding the “last-of-layer” method. This change greatly simplified the process of hedging the fair value of a portfolio of assets by allowing an entity to hedge a stated amount of assets in the portfolio that is expected to be outstanding for duration of the hedge. In March 2022, FASB updated its hedge accounting rules again to add additional flexibility.
