Asset and liability management The phrase,asset -liability management has generally;however, come to refer to managing interest rate risk ■Interest rate risk ..unexpected changes in interest rates which can significantly alter a bank's profitability and market value of equity. 猫行贺影小号Asset and liability Asset and liability management management † The phrase, asset – liability management has generally; however, come to refer to managing interest rate risk „ Interest rate risk … unexpected changes in interest rates which can significantly alter a bank’s profitability and market value of equity