RBI shuns foreign investors and derivatives in favour of structural ALM, says former deputy governor
Central banks need to identify risk items related to the interaction of sovereign debt management, reserves management and monetary policy, and study their vulnerabilities in stress situations on a broad macro-economic basis, if they want to perform successful asset and liability management (ALM) on a national basis, according to Shyamala Gopinath, a former deputy governor of the Reserve Bank of India (RBI).
Gopinath told delegates attending National Asset-Liability Management Asia 2012 in
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