Issues in the Establishment of Asset Management Companies [electronic resource] / Stefan N Ingves.
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TextSeries: IMF Policy Discussion Papers; Policy Discussion Paper ; No. 04/3Publication details: Washington, D.C. : International Monetary Fund, 2004Description: 1 online resource (29 p.)ISBN: 1451974221 :ISSN: 1934-7456Subject(s): Asset Management Companies | Corporate Restructuring | Financial Institutions and Services: Government Policy and Regulation | Impaired Assets | Loan Restructuring | Restructuring | Korea, Republic of | Malaysia | Sweden | Thailand | United StatesAdditional physical formats: Print Version:: Issues in the Establishment of Asset Management CompaniesOnline resources: IMF e-Library | IMF Book Store Abstract: 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.
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.
Description based on print version record.
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