Description

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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Taxonomy

Financial crisis , International financial system

More publications in this series: Policy Discussion Papers

More publications by: Stefan N Ingves ; Steven A Seelig ; Dong He