Slide 1Interest Rate Risk Interest rate changes have significant effects on many financial firms net income, asset value, liability value and equity value (net difference…
1. Assets Liability ManagementALM It is a dynamic process of Planning, Organizing & Controlling of Assets & Liabilities- their volumes, mixes, maturities, yields…
Slide 1 Aggregating Longevity Risk for the Capital Markets A Necessary First Step 5 th International Longevity Risk & Capital Markets Solutions Conference JP Morgan Chase…
Slide 1 Slide 22–1 Slide 2 Part IV The Management of Financial Institutions Slide 3 Chapter Twenty Two Risk Management in Financial Institutions Slide 4 Slide 22–4 Managing…
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…
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Funding Public Pensions Tax Economist Forum, January 13, 2010 by Jon Forman Professor in Residence IRS Office of Chief Counsel & Alfred P. Murrah Professor of Law University…
S.3855 Actuarial Challenges Igor Afanassiev Prepared by Lesley Thomson * Changes to Asset Reporting New reporting depends on asset designation No more deferral of realized…
Funding Public Pensions Tax Economist Forum, January 13, 2010 by Jon Forman Professor in Residence IRS Office of Chief Counsel & Alfred P. Murrah Professor of Law University…