The purpose of this book is to study asset and liabilitymanagement (ALM) of a commercial bank. ALMincludes a set of tools that ensure that value is createdfor shareholders and that risks are being putunder control. The pedagogy is unique, with two self-contained vehicles: a book and software.
As the banking world is shifting from an overridingconcern for balance sheet expansion to a preoccupationwith rates of return on capital and risk control, knowledge of ALM is becoming a necessity for allbankers accountable for the results of a profit Centre. Asset& Liability Management is designed for corporatebankers, treasurers, and heads of retail branches, ALMspecialist, and bank strategic planners. Centralbankers, auditors, consultants or lawyers will alsoappreciate the relevance of the book.
Starting from the basics and going into moreadvanced issues, this book provides complete coverageof asset and liability management. As the coursemoves along step by step, no previous knowledge ofALM is needed.
Although tools could be introduced in a complex mathematical manner, the presentation in the book is kept intuitive and simple by using modernvisual educational techniques.
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