Regulatory Alerts2023-07-12
Added · Updated
Central Bank of Libya Guideline on Asset/Liability Committee (ALCO) Policy
The Central Bank of Libya issues a guideline establishing the governance, composition, and operational framework for the Asset/Liability Committee (ALCO) within supervised banks. The document mandates that ALCO comprises senior management and the board chairman, meets at least monthly, and reports minutes to the Board of Directors and the Central Bank. It defines ALCO's responsibilities to monitor liquidity, interest rate, credit, and operational risks, set pricing strategies, and review capital adequacy. The guideline specifies required reporting metrics, including internal funds cost, maturity ladders, liquidity positions, and capital sufficiency, to ensure balanced growth and regulatory compliance.
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