But Moses Harding, head of asset-liability management at IndusInd Bank said the bank needed to do a "balancing act between growth and inflation".

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In 2010, the Brown-Kaufman amendment to Dodd-Frank, which would have imposed asset and liability limits on banks, was decisively defeated by a 61-33 vote in the Senate.

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Paul Travelers is a leading provider of commercial property-liability insurance and asset management services.

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Conversely, the gold standard is based in a non-national asset which is the liability of nobody and bears no counterparty risk.

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My baseline is that net household wealth will be on tear over the next few years as the asset side of the ledger pays-in increasing real dividends and the liability side of the ledger pays-out near negative real interest rates.

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It is a means of finance -- the government's liability is the buyer's asset.

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