Putting the “a” back into “alm”
Simon Page
(Simon Page is a director of Barclays Portfolio Management. He has recently completed a £1 billion consumer loan transaction, placing the unexpected credit risk into the insurance markets.)
Mark Winter
(Mark Winter is a director of Barclays Portfolio Management. He has recently completed a £1 billion consumer loan transaction, placing the unexpected credit risk into the insurance markets.)
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Abstract
The authors trace the inside story of a ground‐breaking transaction which they pioneered. It enabled Barclays Bank to shed all the credit risk it held as the result of originating unsecured consumer loans in a particular branded portfolio. As such the transaction allowed Barclays to separate the business of origination from the business of managing the balance‐sheet. This achievement has far‐reaching consequences for the world of asset and liability management which the authors outline and discuss.
Keywords
Citation
Page, S. and Winter, M. (2001), "Putting the “a” back into “alm”", Balance Sheet, Vol. 9 No. 1, pp. 10-13. https://doi.org/10.1108/09657960110695222
Publisher
:MCB UP Ltd
Copyright © 2001, Company