Cetina’s Bank Treasury Talk
We are delighted to introduce our new BTRM column by Jill Cetina, a highly respected expert in bank treasury risk management. With extensive experience in financial regulation and risk oversight, Jill brings deep insights into the evolving challenges faced by treasury professionals. Her column will explore key topics such as liquidity risk, balance sheet management, and regulatory developments, providing valuable analysis and practical perspectives. As the banking landscape continues to shift, Jill’s expertise will help readers navigate complexities and stay ahead of industry trends. Stay tuned for her thought-provoking commentary and expert guidance in each edition.
Cetina #12: September 2025 – Markets prefer the blue pill, but watch out for an inflation revival and associated rate repricing; stablecoins a risk to bank deposits
Cetina #11: August 2025 – August 2025 – April evoked Ferris Bueller; will Q4 evoke Groundhog Day?
Cetina #10: July 2025 –Yes, it is hard to not watch the Apprentice summer episode involving the Fed Chair. But tighter liquidity, stagflation and impacts of fiscal dominance on long-dated yields are the three key forces banks need to monitor.
Cetina #9: June 2025 – Say what? Let’s lower US bank capital to reduce Treasury market fragility while Fed QT continues?
Cetina #8: April 2025 – The Four Cs of US Government Credit Have Worsened; Why Banks Must Prepare Themselves for the Rising Risk of a Crisis with No Official Sector Put
Cetina #7: March 2025 – Tipping Point — ‘Detox’ or Stagflation and Recession Risks? And Don’t Blame This One on the Fed (Unless They Continue with QT in March)!
Cetina #6: February 2025: US growth likely to weaken; Fed QT to end; but tail risks rising
Cetina #5: January 2025: Kobayashi Maru and risks to banks around 2025 US economic policy inflections
Cetina #4: December 2024 – A Kind of Hawkish December Rate Cut – the Federal Reserve’s White Elephant Gift to Banks and Markets
Cetina #3: November 2024 – Post US Election: Picking up Pennies in Front of Steamrollers and Walking Past Dollar Bills
Cetina #2: October 2024 – The Slippery Business of Fixing US Bank Liquidity and What Could Help
Cetina #1: September 2024 – Keeping score: There were three “invisible” gorillas at the Sept FOMC. What does it mean for US banks?
Jill Cetina: Executive Professor and Associate Director of Commercial Banking Program: Texas A&M University
Jill Cetina is the associate director of the commercial banking program and an executive professor finance at the Mays Business School at Texas A&M. She is also a faculty member in the Bank Treasury Risk Management (BTRM) certification, a 2024-2026 Conference of State Banking Supervisors economic research and policy scholar and semi-recurring contributor to American Banker.
