13SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading » With a long list of tasks to accomplish and a constant pressure to succeed, some credit union managers might regard risk-management procedures as taking time away from projects that could contribute more to overall profitability. Though it’s conceivable someone could focus too much on risk management, when performed correctly the process is a critical element to long-term success.Some credit unions have a higher tolerance for risk than others. Usually, accepting more interest-rate risk is seen as a way to generate higher returns; it’s true that risk avoidance could cause lower profitability. Still, excessive interest-rate risk can put a credit union in jeopardy if the market takes an unexpected turn.It’s difficult, of course, to forecast interest rates accurately; even experienced analysts are often surprised by changes in the market. If one were to “know” what was going to happen, protecting assets would be easy and there would be minimal risk involved – and far less reward. The job of the asset/liability management (ALM) function is to protect the viability of the credit union’s business model. This is done by reducing the inherent risks of financial intermediation, allowing for scalability and growth in a safe and sound manner.
1 Antoine Griezmann, Kylian Mbappe and Alexis Sanchez have all been linked with moves The end of the season is nearly upon us and here at talkSPORT we are bracing ourselves for a busy summer of transfers.After Premier League clubs smashed the spending record last season, with a total outlay of £1.165bn, that figure could well be passed with the bumper television deal providing them with further cash.Paul Pogba’s £89m world-record transfer to Manchester United could be beaten, with big sums being touted for the likes of Antoine Griezmann, Kylian Mbappe and Romelu Lukaku.Find out all you need to know about the upcoming window, below, and keep up with all the latest transfer rumours and confirmed signings by keeping tabs on talkSPORT.comWhen does the transfer window open in England?Clubs will already have started doing their business and looking ahead to next season, releasing players and making signings. But the 2017 summer window officially opens on July 1.The 2017 Confederations Cup takes place from June 17-July 2 [with Russia, New Zealand, Portugal, Mexico, Cameroon, Chile, Australia and Germany taking part], but that is the only international tournament taking place, allowing most players to rest up and secure transfers earlier in the off-season.When does the summer transfer window close?Deadline Day will take place on August 31, closing at 11pm and talkSPORT will have all the biggest moves covered throughout the day.This is also the final chance for Football League clubs to also complete loan deals after FIFA’s new rules put an end to the loan window last year.Keep up with all the latest transfer rumours and confirmed signings by keeping tabs on talkSPORT.com