Answer- The Assets Liabilities committee (ALCO) in a bank is primarily responsible for managing-

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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

The Assets Liabilities committee (ALCO) in a bank is

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