Answer-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 banks 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