Issues in the Establishment of Asset Management Companies
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Summary:
This paper discusses the role of asset management companies (AMCs) in facilitating bank restructuring and specifies some policy lessons learned from international experience. The paper concludes that there is no single optimal solution but a combination of strategies that will vary from bank to bank and country to country. There are, however, common factors that contribute to the success of an AMC and these include the legal environment, leadership, independence, incentives, and commercial orientation.
Series:
Policy Discussion Paper No. 2004/003
Subject:
Asset and liability management Asset management Asset management companies Asset valuation Bank resolution Banking Distressed assets Financial crises Financial sector policy and analysis
English
Publication Date:
May 1, 2004
ISBN/ISSN:
9781451974225/1564-5193
Stock No:
PPIEA0032004
Pages:
29
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