1. The difficulty in obtaining honest information in today’ s Big Brother world is aptly described by an intelligence asset over the Internet, "If you are lucky and…
1. Assets Liability ManagementALM It is a dynamic process of Planning, Organizing & Controlling of Assets & Liabilities- their volumes, mixes, maturities, yields…
Understanding banking: What do banks do for customers? How do banks operate? Reminder of what actuaries can bring to banking Big picture of services banking provides: ⢅
Slide 1 CHAPTER12 Introduction to Asset Liability Management What is in this Chapter? INTRODUCTION SOURCES OF INTEREST-RATE RISK Mortgage-backed Securities (MBS) Slide 2…
Slide 1 CHAPTER 12 Introduction to Asset Liability Management What is in this Chapter? INTRODUCTION DURATION GAP SOURCES OF INTEREST-RATE RISK ALM RISK versus MARKET RISK…