liability management committee (ALCO)

asset/liability management committee (ALCO)

A committee, usually comprising senior managers, responsible for managing assets and liabilities to maximize income and safety over the long run. In a financial institution, the ALCO is usually responsible for asset and liability distribution, asset and liability pricing, balance sheet size, funding, spread management, and interest rate sensitivity management. Usually used somewhat redundantly, as in ALCO committee.

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Industry/Domain: Banking
Category: Personal banking
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