Issues in the Establishment of Asset Management Companies

Stefan Ingves, Steven Seelig and Dong He

No 2004/003, IMF Policy Discussion Papers from International Monetary Fund

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.

Keywords: PDP; asset; In Private AMCs; bank; company; loan; bank restructuring; asset management; corporate restructuring; loan restructuring; AMC face; AMC management; AMC's assets; asset recovery; functioning bank; asset portfolio; transactions of the AMC; asset disposition strategy; AMC monopoly; Asset management companies; Distressed assets; Bank resolution; Asset valuation; Asia and Pacific (search for similar items in EconPapers)
Pages: 29
Date: 2004-05-01
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Citations: View citations in EconPapers (5)

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