Hungary : Technical Assistance Report—Operational Aspects of Establishing an Asset Management Company

Author/Editor:

International Monetary Fund. Monetary and Capital Markets Department

Publication Date:

August 20, 2015

Electronic Access:

Free Full Text. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This Technical Assistance report examines Operational Aspects of Establishing an Asset Management Company. In November 2014, the Magyar Nemzeti Bank (MNB) established the Magyar Reorganizációs és Követeléskezelo (MARK), an asset management company. This step was taken to help restore monetary transmission, credit growth, and economic recovery. The MNB has established MARK on a sound foundation: banks’ participation is voluntary, market prices determine valuations, and MARK’s lifetime is 10 years. MARK has a clear, well-defined mandate to focus on maximizing the value of its assets. This is supported by an ambitious return on equity and a valuation methodology based on market prices.

Series:

Country Report No. 15/239

Subject:

English

Publication Date:

August 20, 2015

ISBN/ISSN:

9781513547299/1934-7685

Stock No:

1HUNEA2015004

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

13

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