Financial services to the rural population: a study on the role of retail banks in the UK
Asset liability management can be defined as the activity of managing risks which arises due to mismanagement of assets and liabilities within the business. It creates a link between risk management and strategic planning.
This concept came into existence because of Anglo-Saxon financial institutions during the 1970s. At that time, the interest rates became highly volatile, and that is where the requirement of asset liability management arose.
This research study identifies the recent developments in the asset-liability management framework of banks in the UK. It also identifies the advantages and challenges associated with asset-liability management for the companies.
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