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The Asset Liability Committee (ALCO) guides treasury management function in any bank. The committee plays an important role in the functioning of the Treasury Department.

The Asset Liability Committee (ALCO) guides treasury management function in any bank. The committee plays an important role in the functioning of the Treasury Department. Discuss in detail the make-up, functions and the role of ALCO in managing banks' assets and liabilities. (20 marks)

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