Assets and Liabilities Management (ALM) has become a strategic area in financial entities over recent years with the aim of maximising or at least stabilising short or long term financial margin. In addition, market participants grant ever more importance to financial margin as an indicator of short and medium term solvency and to economic value as an indicator of entities’ long term stability. Furthermore, supervisory organisations (Basel Committee) are incorporating balance sheet interest rate risk into the set of risks susceptible of consuming companies’ shareholders’ equity.

Finally, the recent financial crisis and restrictions prompted by the liquidity crunch in the markets have highlighted the critical importance of liquidity risk in Global Risk Management for any Financial Entity.

All these challenges force the adoption of extraordinary measures to assess and hedge interest rate and balance sheet liquidity risk, so that knowledge of ALM techniques, which enable the identification and subsequent management of signalled risks, is essential. The fundamental objective of the course will be to disseminate knowledge of these two risk categories.

24 hours valid for EFA® recertification