Asset and liability management (ALM)
Inflated or deflated?
Inflation trading
Seeking consensus on LDI
Pensions
Treasury-plus
Profile
Supply-side economics
Pensions
Incorporating policyholder expectations into ALM
European life insurers have recently improved their asset/liability management (ALM) skills.However, those efforts have been limited to the matching of guaranteed policyholder benefits.While bringing considerable insight, they also leave management with…
Hedging of corporate pension liabilities
Bernd Scherer here proposes a normative theory of asset/liability management that views externally funded pension funds exclusively from a corporate finance point. Standard asset management solutions are derived after the corporate finance problem has…
Insurance optional
Asset/liability management
Rate risks redux
Introduction
Signs are good for IAS 39 final preparations
Regulation
What’s in a name-change?
Profile: Capitalia
Risk in transition
Asset allocation
Smokescreen or saviour?
Pension liabilities
Risk ALM USA: mortgage investors’ extension risk balloons
The combination of a concentration of mortgage assets in ever-fewer hands and a dearth of hedging tools for short-duration mortgage portfolios has dramatically increased banks’ extension risk, according to Kamal Abdullah, senior vice president – fixed…
Catching the Basel 'tail wind'
Christian Jimenez, chief risk officer at Eulia, has used momentum from regulatory change to overhaul antiquated risk management policies.
Pension fund risk systems advance
Vendors seeking to cater to pension fund clients are rolling out a new breed of asset/liability risk analysis tools to complement risk reporting and benchmarking systems, all tailored to the unique needs of these institutions.
Reaping integration rewards
In the October issue of Risk, Clive Davidson discussed the integration of ALM and ERM technology. Here, in a second article, he profiles the firms that have tackled this project and reviews the challenges, advantages and pitfalls of the integration…
Ready, set ... and wait
Continuous-linked settlement
Flexibility drives EBRD’s risk strategy
ALM in practice
Emerging markets ramp up
Technology
Averting future liquidity crises
Case study: JP Morgan Chase
Emerging markets ramp up
Asset and liability management systems sales continue to be strong in the US and Europe, thanks to Basel II preparations. But it is in the emerging markets that vendors say strong sales growth will come in 2002.