Question
Overall responsibility for management of liquidity risk lies with the
Solution
Asset Liability Committee (ALCO) is established to assist and supervise the ALM (Asset Liability Management) unit. It has the central purpose of attaining goals defined by the short- and long-term strategic plans- •   To ensure adequate liquidity while managing the bank's spread between the interest income and interest expense •   To approve a contingency plan •   To review and approve the liquidity and funds management policy at least annually
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