Limitation of Duration Gap Mangement

FRM
#1

A limitation of duration gap management is that it is often difficult to find assets and liabilities of the same duration to fit into the bank’s portfolio.

We need to match the duration of total assets and total liabilities to reduce the duration gap BUT when do we need to find assets and liabilities of the same duration?

#2

When we have to manage Risk. The ALM dept of a bank match the same or monitor the same on a continuing basis … it is only when it deviates the intervention from the Risk Management dept is called for