TY - BOOK AU - Ingves,Stefan N. AU - He,Dong AU - Ingves,Stefan N. AU - Seelig,Steven A. TI - Issues in the Establishment of Asset Management Companies T2 - IMF Policy Discussion Papers; Policy Discussion Paper SN - 1451974221 : SN - 1934-7456 PY - 2004/// CY - Washington, D.C. PB - International Monetary Fund KW - Asset Management Companies KW - imf KW - Corporate Restructuring KW - Financial Institutions and Services: Government Policy and Regulation KW - Impaired Assets KW - Loan Restructuring KW - Restructuring KW - Korea, Republic of KW - Malaysia KW - Sweden KW - Thailand KW - United States N2 - 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 UR - http://elibrary.imf.org/view/IMF003/03956-9781451974225/03956-9781451974225/03956-9781451974225.xml UR - http://www.imfbookstore.org/IMFORG/9781451974225 ER -