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Public asset management companies : a toolkit /
This toolkit is designed for policy makers and stakeholders who are considering the establishment of a publicly funded asset management company (AMC). An AMC is a statutory body or corporation, fully or partially owned by the government, usually established in times of financial sector stress, to as...
| Clasificación: | Libro Electrónico |
|---|---|
| Autores principales: | , |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Washington, DC :
World Bank Group,
[2016]
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| Colección: | World Bank studies.
|
| Temas: | |
| Acceso en línea: | Texto completo |
MARC
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| 049 | |a UAMI | ||
| 100 | 1 | |a Cerruti, Caroline, |e author. | |
| 245 | 1 | 0 | |a Public asset management companies : |b a toolkit / |c Caroline Cerruti and Ruth Neyens. |
| 264 | 1 | |a Washington, DC : |b World Bank Group, |c [2016] | |
| 264 | 4 | |c ©2016 | |
| 300 | |a 1 online resource (xviii, 135 pages) | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 490 | 1 | |a World Bank Study | |
| 500 | |a "A World Bank study." | ||
| 504 | |a Includes bibliographical references. | ||
| 588 | 0 | |a Resource, viwed July 11, 2016. | |
| 505 | 0 | |a PART I. The AMC Toolkit. Why a Public AMC? Preconditions for Public AMCs ; Commitment to Comprehensive Reforms ; Systemic Crisis and Public Funds at Risk ; Solid Diagnostic and Critical Mass of Impaired Assets ; Tradition of Institutional Independence and Public Accountability ; Robust Legal Framework for Bank Resolution, Debt Recovery, and Creditors' Rights ; Note ; The Design: Legal and Institutional Framework ; Mandate and Powers ; Scope ; Governance and Funding ; Safeguards Mechanisms and Supervision ; Notes ; Building Effective Operations in an AMC ; Organization and Staffing ; Strategic Planning and Asset Management ; Internal Controls and Transparency ; Closing the AMC ; Notes -- PART II. Case Studies: Three Generations of Public AMCs. The First Generation: The RTC and Securum ; The RTC, United States ; Securum, Sweden ; Notes ; The Second Generation: KAMCO, IBRA, Danaharta, and the SDIF ; Korea Asset Management Corporation (KAMCO), Republic of Korea ; Indonesian Bank Restructuring Authority (IBRA), Indonesia ; Danaharta, Malaysia ; Savings Deposit Insurance Fund (SDIF), Turkey ; The Third Generation: NAMA, AMCON, and SAREB ; National Asset Management Agency (NAMA), Ireland ; Asset Management Corporation of Nigeria (AMCON), Nigeria ; Sociedad de Gestión de Activos Procedentes de la Reestructuración Bancaria (SAREB), Spain ; Bibliography. | |
| 520 | |a This toolkit is designed for policy makers and stakeholders who are considering the establishment of a publicly funded asset management company (AMC). An AMC is a statutory body or corporation, fully or partially owned by the government, usually established in times of financial sector stress, to assume the management of distressed assets and recoup the public cost of resolving the crisis. AMCs were first used in the early 1990s in Sweden (Securum) and the United States (the RTC), and again during the Asian crisis (for instance, Danaharta in Malaysia, KAMCO in the Republic of Korea). The 2008 financial crisis marked a renewal of the use of this tool to support the resolution of financial crises (for instance, NAMA in Ireland, SAREB in Spain). The toolkit does not address broader bank resolution issues. It has a narrow focus on the specific tool of a public AMC established to support bank resolution, and with the objective of providing insight on the design and operational issues surrounding the creation of such AMCs. It seeks to inform policy makers on issues to consider if and when planning to establish a public AMC through: · An analysis of recent public AMCs established as a result of the global financial crisis · Detailed case studies in developed and emerging markets over three generations · A toolkit approach with questions and answers, including questions on design and operations that are critical for authorities confronted with the issue of whether to establish an AMC · An emphasis on "how to that is, a practical versus a principled approach. The toolkit is structured as followed: Part I summarizes the findings on the preconditions, the design, and the operationalization of public AMCs. Part II provides case studies on three generations of AMCs, whose lessons are embedded in Part I. The case studies cover emerging and developed markets, and have been selected based on the lessons they offer. | ||
| 590 | |a ProQuest Ebook Central |b Ebook Central Academic Complete | ||
| 650 | 0 | |a Government financial institutions. | |
| 650 | 0 | |a Bailouts (Government policy) | |
| 650 | 0 | |a Financial crises |x Government policy. | |
| 650 | 0 | |a Financial institutions |x State supervision. | |
| 650 | 0 | |a Financial institutions |x Government policy. | |
| 650 | 6 | |a Institutions financières publiques. | |
| 650 | 6 | |a Renflouement (Finances) | |
| 650 | 6 | |a Institutions financières |x Contrôle de l'État. | |
| 650 | 6 | |a Institutions financières |x Politique gouvernementale. | |
| 650 | 7 | |a POLITICAL SCIENCE |x Public Affairs & Administration. |2 bisacsh | |
| 650 | 7 | |a Bailouts (Government policy) |2 fast | |
| 650 | 7 | |a Financial crises |x Government policy |2 fast | |
| 650 | 7 | |a Financial institutions |x Government policy |2 fast | |
| 650 | 7 | |a Financial institutions |x State supervision |2 fast | |
| 650 | 7 | |a Government financial institutions |2 fast | |
| 700 | 1 | |a Neyens, Ruth, |e author. | |
| 758 | |i has work: |a Public asset management companies (Text) |1 https://id.oclc.org/worldcat/entity/E39PCGX3mHMb7vbYkxrvWhrP43 |4 https://id.oclc.org/worldcat/ontology/hasWork | ||
| 776 | 0 | 8 | |i Print version: |a Cerruti, Caroline. |t Public Asset Management Companies : A Toolkit. |d Washington : World Bank Publications, ©2016 |z 9781464808746 |
| 830 | 0 | |a World Bank studies. | |
| 856 | 4 | 0 | |u https://ebookcentral.uam.elogim.com/lib/uam-ebooks/detail.action?docID=4557041 |z Texto completo |
| 938 | |a EBL - Ebook Library |b EBLB |n EBL4557041 | ||
| 938 | |a EBSCOhost |b EBSC |n 1249929 | ||
| 938 | |a ProQuest MyiLibrary Digital eBook Collection |b IDEB |n cis34910409 | ||
| 938 | |a YBP Library Services |b YANK |n 13040237 | ||
| 994 | |a 92 |b IZTAP | ||