Asset and liability management (ALM)

Given the size of Dexia's balance sheet, the balance between its resources and their use is carefully managed. In practice, attention is paid to two main concerns:

• the adequacy of expected new lending production (in terms of maturity and amount) with the available resources;
• the necessity to ensure the Group's liquidity needs, even in troubled times.

Given their importance, all the main issues regarding the liquidity of the Group are directly managed by the Group’s ALM Committee.