This document discusses asset and liability management (ALM), liquidity risk management, and Basel III regulations. It provides an overview of the purpose of ALM in balancing risks, the importance of liquidity, and how liquidity risk can arise from a bank's assets and liabilities. It then summarizes the Basel III liquidity standards, including the Liquidity Coverage Ratio (LCR) which requires banks to hold sufficient high-quality liquid assets to cover net cash outflows over 30 days during a stress period, and the Net Stable Funding Ratio (NSFR) which aims to ensure banks have sufficient long-term funding. The document outlines the requirements for high-quality liquid assets and the methodology for calculating net