Asset liability management is the process of managing the use of assets and cash flows to meet a companys obligations in order to reduce the firms risk of loss from not paying a liability on . Initially pioneered by financial institutions during the 1970s as interest rates became increasingly volatile asset and liability management often abbreviated alm is the practice of managing risks that arise due to mismatches between the assets and liabilities. Liability of asset managers edited by danny busch and deborah demott the only book to provide a country by country comparison of european us and canadian law of asset manager liability identifies at national level the variations in european regulation of asset managers following the implementation of mifid. Asset liability management alm can be defined as a mechanism to address the asset liability and spread management into a coordinated process thus the central theme of alm is the coordinated and not piecemeal management of a banks entire balance sheet. Case 2 asset environmental liability management for investment bank in the process of foreclosing on environmentally impaired assets in its 2 billion loan portfolio of over 3000 commercial properties excalibur s client has acquired certain site and environmental liabilities requiring careful and systematic management
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