When operating in a heavily traded currency, a commercial and retail bank's treasury is likely...

Ensuring that the risks generated by the bank's business are mitigated in the market.

Managing the net interest rate risk in the banking book directly with market counterparties by operating a derivatives trading desk.

Effectively transferring the interest rate risk in the banking book to the investment bank at a fair transfer price.

Mitigating liquidity risk, or effectively managing the balance sheet and its funding.