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Issues in the Establishment of Asset Management Companies
Author:
Mr. Stefan N Ingves
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Mr. Steven A. Seelig null

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Mr. Dong He
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Series:
IMF Policy Discussion Papers
Volume/Issue:
Volume 2004: Issue 003
Language:
English
Publication Date:
01 May 2004
DOI:
https://doi.org/10.5089/9781451974225.003
ISBN:
9781451974225
ISSN:
1564-5193
Pages:
29
Keywords:
PDP; asset; In Private AMCs; bank; company; loan; bank restructuring; asset management; corporate restructuring; loan restructuring; AMC face; AMC management; AMC's assets; asset recovery; functioning bank; asset portfolio; transactions of the AMC; asset disposition strategy; AMC monopoly; Asset management companies; Distressed assets; Bank resolution; Asset valuation; Asia and Pacific
Legal-disclaimer:
This Policy Discussion Paper should not be reported as representing the views of the IMF. The views expressed in this Policy Discussion Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Policy Discussion Papers describe research in progress by the author(s) and are published to elicit comments and to further debate.
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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.
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Cover IMF Policy Discussion Papers
IMF Policy Discussion Papers
ISSN:
1564-5193
Publisher:
International Monetary Fund