‘Banks have moved from a practice known as asset management to the practice of liability management.' Explain the differences in these two approaches and briefly discuss the role of deregulation in facilitating this change in banking practice.
Asset management
* Meaning
* Process
(Objective, strategy)
Liability management
* Meaning
* Process
(Objective, strategy)
Differences in these two approaches (2-3 Paragraphs)
Role of deregulation in facilitating this change in banking practice
- Before 1980 regulation
- After 1980 deregulation