Asset-Liability Committee - ALCO

A team of superheroes made up of Briefcase Avenger, the Scarlet Decimal, Auditrix and Omega Risk. Together, this fearless foursome battles all unintended risk profile distortions in an unending struggle to secure sound fiscal restraint!
Also, it's a group set up within a corporate structure meant to oversee the firm's balance sheet risk.
Financial institutions, like banks, are most likely to use an ALCO. The group watches over the company's assets and liabilities, making sure its risk profile doesn't get out of whack. The ALCO might also set up emergency funding plans, making sure the company has a way to get extra money if some of its investments go south unexpectedly.