02 Sep What’s Missing in Asset and Liability Management?
Quite a bit, as it happens. Traditional Asset & Liability Management (ALM) assumes deterministic levels of assets and liabilities and focuses on interest rate, currency, and liquidity risks. Ideally, it should apply to the dynamic behavior of the entire balance sheet of an organization. To learn more, check out Alla Gil’s latest Global Association of Risk Professionals (GARP) column.