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Issues in the Establishment of Asset Management Companies

Author

Listed:
  • Stefan N Ingves
  • Steven A. Seelig
  • Dong He

Abstract

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.

Suggested Citation

  • Stefan N Ingves & Steven A. Seelig & Dong He, 2004. "Issues in the Establishment of Asset Management Companies," IMF Policy Discussion Papers 04/3, International Monetary Fund.
  • Handle: RePEc:imf:imfpdp:04/3
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=17388
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    Cited by:

    1. Dong He, 2004. "The Role of Kamco in Resolving Nonperforming Loans in the Republic of Korea," IMF Working Papers 04/172, International Monetary Fund.
    2. Pandey, Ashish, 2016. "High Bids and Low Recovery: A Possible Case for Non-Performing Loan Auctions in India," MPRA Paper 75254, University Library of Munich, Germany.
    3. Roger P. Kronenberg & Alessandro Giustiniani, 2005. "Financial Sector Conditionality; Is Tougher Better?," IMF Working Papers 05/230, International Monetary Fund.

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