Asset-Liability Management: Managing Swaps

Robert Lamb

Municipal Finance Journal, 2008, vol. 29, issue 1, 23 - 26

Abstract: The use of asset-liability management (ALM) tools as part of an integrated risk management strategy is an accepted practice in the international business community. In the municipal arena, acceptance and use of swaps, variable-rate debt, and other instruments have been slower to develop, and disclosure of activities and analysis of risks is still developing. The author discusses risk management tools and best practices for management and oversight of swaps and explores the ways in which the credit community can best analyze their risks and benefits.

Date: 2008
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