Il faut attendre à cueillir la poire qu'elle soit mure.
Of course, many ALM teams do not apply at this time all the recommendations presented in this book. Indeed, this book gives a large panel of the future developments in the ALM field.
This book provides the occasion to present the diversity of ALM activity: the diversity of the products sold to the customers, the diversity of the possible ALM organizations and the diversity of the different ALM risk profiles. Nowadays, with the new regulatory environment and under the international IFRS rules, the diversity of the ALM activity has tended to diminish.
The diversity of the products the A/L managers deal with explains the diversity of ALM practices.
On the asset side, it is clear that the class of assets the A/L manager can invest in may differ from one country to the other. In the banking sector, the types of commercialized loans differ also:
Moreover, the prepayment option differs from one country to the other: