A management philosophy that outlines the risk policies and tolerance levels must be used to support ALM. The essential component of the entire ALM activity is the availability of sufficient and reliable information with promptness, so this framework needs to be constructed on a strong methodology with the necessary supporting information system. Information is therefore essential to the ALM process. There are numerous techniques that are widely used to measure hazards. These might be as basic as a gap statement or as complex and data-intensive as risk adjusted profitability measurement techniques. For the purpose of producing reports on the liquidity gap and interest rate gap, the current guidelines would call for a somewhat simpler information structure.