The Assets Liabilities committee (ALCO) in a bank is primarily responsible for managing-
To assist and supervise the ALM (Asset Liability Management) unit an Asset Liability Committee (ALCO) is established. 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
