Issues in the Establishment of Asset Management Companies

Author/Editor:

Stefan N Ingves ; Steven A. Seelig ; Dong He

Publication Date:

May 1, 2004

Electronic Access:

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Disclaimer: This Policy Dicussion Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

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.

Series:

Policy Discussion Paper No. 04/3

Subject:

English

Publication Date:

May 1, 2004

ISBN/ISSN:

9781451974225/1934-7456

Stock No:

PPIEA0032004

Format:

Paper

Pages:

29

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