On ne change pas une équipe qui gagne.
At the beginning of the 90s, ALM teams in banks were usually integrated:
In insurance companies, ALM teams were considered initially to be insurance risk management teams.
The position of ALM teams in Finance Departments was linked with the idea that regulatory reports were to be done by the Finance Department and that bank information systems were usually in the possession of this department.
Risk management teams were also quite often part of the Finance Department for the same reasons. When these teams were emancipated from the Finance Department some of them revived the ALM teams in their organization.
These risk management/ALM teams usually incorporated:
However, positioning ALM teams in risk management teams appeared to be very dangerous!
Nowadays, ALM teams tend to be independent from Finance Departments and risk management teams.
ALM teams now have a set of responsibilities. The ALCO (the ALM committee) – pays attention to ...