000			03598cam a22005055i 4500
001			210874
003			US-djbf
005			20210811113741.0
006			m d
007			cr cn|||||||||
008			160615s2016 dcu o i00 0 eng
020			_a9781464808753 _c35.00 USD
020			_z9781464808746
035			_a(The World Bank)210874
040			_aDJBF _beng _cDJBF _erda
100	1		_aCerruti, Caroline. _924474
245	1	0	_aPublic Asset Management Companies : _bA Toolkit / _cCaroline Cerruti.
264		1	_aWashington, D.C. : _bThe World Bank, _c2016.
300			_a1 online resource (157 pages)
336			_atext _btxt _2rdacontent
337			_acomputer _bc _2rdamedia
338			_aonline resource _bcr _2rdacarrier
347			_adata file _2rda
490	1		_aWorld Bank Studies
520	3		_aThis 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.
588			_aDescription based on print version record.
650		4	_aAsset management company _924475
650		4	_aAsset quality review (AQR) _924476
650		4	_aBank resolution _924477
650		4	_aCorporate restructuring _924478
650		4	_aDistressed asset _924479
650		4	_aFinancial crises _924480
650		4	_aMarket value _924481
650		4	_aNegative equity _924482
650		4	_aNonperforming loan (NPLs) _924483
650		4	_aNPL _924484
650		4	_aStructured financial products _924485
650		4	_aVesting _924486
700	1		_aCerruti, Caroline. _924474
700	1		_aNeyens, Ruth. _924487
776	0	8	_aPrint Version: _z9781464808746
830		0	_aWorld Bank e-Library. _924488
830		0	_aWorld Bank Studies _924489
856	4	0	_uhttp://elibrary.worldbank.org/doi/book/10.1596/978-1-4648-0874-6
999			_c4943 _d4943