By Wolters Kluwer

Current market conditions have shown that Asset and Liability Management cannot be ignored. In some jurisdictions, regulation is being introduced such as the EU with updates to the Interest Rate Risk in the Banking Book (IRRBB) guidelines. However, regardless of the regulations in a particular jurisdiction, all banks need to be able to manage their balance sheet in such a way that inspires confidence, internally and to their customers, the market and regulators alike. This is a cornerstone of broader good business management.