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Issues in the Establishment of Asset Management Companies

Stefan N Ingves, Steven A. Seelig and Dong He

No 04/3, 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: Asset management; Bank restructuring; Financial crisis; corporate restructuring, loan restructuring, restructuring, asset management companies, impaired assets, Financial Institutions and Services: Government Policy and Regulation, (search for similar items in EconPapers)
Pages: 29
Date: 2004-05-01
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