Strategic ALM and Integrated Balance Sheet Management: The Future of Bank Risk Management
Strategic ALM and Integrated Balance Sheet Management: The Future of Bank Risk Management
by Professor Moorad Choudhry
The traditional approach to asset-liability management (ALM) practice in banks operated as a reactive process following product origination by the customer-facing business. In the Basel III era a more proactive approach to ALM is required, in order to manage the balance sheet from an effective viability and sustainability standpoint. The article describes proactive “Strategic ALM” discipline and its implementation process.
Taken from The European Financial Review, Aug-Sep 2017.
http://www.europeanfinancialre