Issues in the Establishment of Asset Management Companies
May 1, 2004
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Order a Print CopyDisclaimer: 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.
Subject: Asset and liability management, Asset management, Asset management companies, Asset valuation, Bank resolution, Banking, Distressed assets, Financial crises, Financial sector policy and analysis
Keywords: AMC face, AMC management, AMC monopoly, AMC's assets, Asia and Pacific, asset, asset disposition strategy, asset management, Asset management companies, asset portfolio, asset recovery, Asset valuation, bank, Bank resolution, bank restructuring, company, corporate restructuring, Distressed assets, functioning bank, In Private AMCs, loan, loan restructuring, PDP, transactions of the AMC
Pages:
29
Volume:
2004
DOI:
Issue:
003
Series:
Policy Discussion Paper No. 2004/003
Stock No:
PPIEA0032004
ISBN:
9781451974225
ISSN:
1564-5193
