Monthly ALCO Pack — Digital Asset Exposure & Market Structure Convergence

This monthly Asset & Liability Committee (ALCO) cadence pack governs the balance sheet, liquidity, and market risk implications of the firm's evolving digital asset footprint and adjacent market structure changes. It provides the executive forum for reviewing crypto-asset custody exposures, tokenised collateral, stablecoin funding dependencies, and the treasury impact of prediction market and event contract activity. Aligned with the Basel Committee's prudential treatment of cryptoasset exposures (SCO60), PRA Dear CEO expectations on digital asset risk management, and evolving CFTC/SEC market structure reforms, the pack ensures ALCO discharges its duty to set and monitor risk appetite for novel exposures on a rhythm consistent with their velocity. Monthly cadence is appropriate given the pace of regulatory change and market volatility in this domain. The pack integrates prudential, liquidity, and market conduct considerations, and creates a documented trail of executive challenge that supports both ICAAP/ILAAP narrative and supervisory dialogue.