Issues in the Establishment of Asset Management Companies

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...

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Bibliographic Details
Main Author: Ingves, Stefan
Other Authors: Seelig, Steven, He, Dong
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2004
Series:IMF Policy Discussion Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
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
Physical Description:29 pages
ISBN:9781451974225