Formed in 1992 as a trade association of asset & liability risk management practitioners in leading banks, building societies and other related companies, the Association became a company limited by guarantee on 6 June 2014. The company began trading on 1 November 2014 when it took over the assets of the Association. The company currently has participants from 100 UK, Irish and international institutions. It continues to expand further into Europe with well developed links with AFGAP, a similar body in France. The company’s primary aim is to provide education and promote awareness of asset and liability risk management issues. It does this through a series of courses, conferences and evening events. The Certificate of Banking Asset and Liability Management (CertBALM®) was developed in 2016 by the UK’s Asset and Liability Management Association Limited (ALMA) and is accredited by the Association of Corporate Treasurers (ACT). The CertBALM® has been designed to provide a benchmark qualification in bank and building society asset and liability management and be a stand-alone qualification which is recognised by the banking industry. It is a benchmark Level 6 qualification – equivalent to finals year honours degree – and equates to 200 hours of learning over a period of 6 months.