Ringo Starr entitled his compilation album Blast From The Past. On occasion when speaking or writing about the importance of a bank’s asset-liability committee (ALCO) and how to ensure it remains fit-for-purpose, I’m reminded of that charming exercise in nostalgia. Some topics remain important in perpetuity, and in banking making the ALCO effective is one of them.

by Professor Moorad Choudhry, November 2018