The Bank Asset-Liability Committee (ALCO): Ensuring Effective Governance and Risk Management
By Moorad Choudhry
A featured article of our April 2020 edition of PRMIA's Intelligent Risk quarterly newsletter
The onset of the COVID-19 stress on markets and the subsequent “lockdown” policy response from governments worldwide has created a genuine stress event potentially on a par with that observed in the financial crash of 2008, if not worse. The impact on global markets has been significant, and this time banks need to demonstrate both adaptability and speed of response as they manage events and support their customer franchise through the impending recession. How best should banks address the need to ensure flexibility and rapid decision-making, while maintaining balance sheet robustness during this time? What should the role of ALCO be? And critically, how can ALCO assist the bank to meet its key objectives?
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