As bank asset and liability managers go, Eric De Cooman, head of ALM for DexiaBank in Brussels, has a lot of responsibility. It is his job to ensure that thebank’s e140 billion swaps book is run efficiently and safely – thebank has a lending portfolio of around e50 billion. And a big part of this isthinking about how to manage the consequences of International Accounting Standard(IAS) 39, which requires financial instruments to be accounted for at fair value.
“If you do nothing then IAS 39 will i
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