Public Asset Management Companies
DOWNLOAD
Download Public Asset Management Companies PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get Public Asset Management Companies book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
Public Asset Management Companies
DOWNLOAD
Author : Caroline Cerruti
language : en
Publisher: World Bank Publications
Release Date : 2016-05-31
Public Asset Management Companies written by Caroline Cerruti and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-05-31 with Business & Economics categories.
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.
Public Asset Management Companies In East Asia
DOWNLOAD
Author :
language : en
Publisher:
Release Date : 2004
Public Asset Management Companies In East Asia written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Bank loans categories.
Public Asset Management Companies In East Asia
DOWNLOAD
Author : Ben Siu Cheong Fung
language : en
Publisher:
Release Date : 2004
Public Asset Management Companies In East Asia written by Ben Siu Cheong Fung and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Bank loans categories.
Experience Of Asian Asset Management Companies
DOWNLOAD
Author : Akiko Terada-Hagiwara
language : en
Publisher:
Release Date : 2010
Experience Of Asian Asset Management Companies written by Akiko Terada-Hagiwara and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with categories.
This paper examines the performances of Asian asset management companies (AMCs). The analysis reveals that AMCs vary in their design and performance. Asset management companies can trigger moral hazard-inspired bank lending. Empirical examination of the Thai experience reveals that the moral hazard-inspired bank lending resulted in creating more new NPLs in the case of public asset management companies. Alternatively, the centralized Thai Asset Management Company (TAMC) decreases the new NPL ratio, suggesting that TAMC provokes no adverse moral hazard effect on financial institutions. The paper also finds that the same institutional consideration significantly decreases new NPL in foreign banks and finance companies.
Asset Management And Investor Protection
DOWNLOAD
Author : Julian Franks
language : en
Publisher: OUP Oxford
Release Date : 2003-01-16
Asset Management And Investor Protection written by Julian Franks and has been published by OUP Oxford this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-01-16 with Business & Economics categories.
Asset management is a major industry playing an increasingly important role in economic activity around the world. Asset managers provide services to individuals, governments, public agencies, banks, pension funds, insurance companies, and charities, to name a few. Traditionally, asset management has been primarily associated with the 'stock market' economies of the UK and the USA, but, as this book shows, some of the most spectacular growth in activity of recent years has occurred in Continental Europe. This has presented opportunities and challenges. New forms of financial instruments and institutions have emerged in countries that have traditionally relied on debt and non-market forms of intermediation. Competition has intensified, and entry has occurred both within and across national markets. However, this growth has been accompanied by potential problems: while investors enjoy a wider range of products and services, they face more complex instruments and transactions. Therefore, the potential for failures, such as misdealing and fraud, may have increased. The natural response is to strengthen regulation, but there is a fine balance to be struck between inadequate and excessive regulation of asset managers. This is particularly complicated in the context of European capital markets. European countries have traditionally had very different financial systems and asset management businesses, therefore it is no surprise to discover many different approaches to regulating asset managers. How should the European Commission respond to this diversity? Should it seek to create greater uniformity via common regulatory rules? The particular focus of this book is financial resource requirements. There is currently an active debate about the role capital requirements should play in asset management, particularly in the European context. In order to address this issue, the authors argue that it is necessary to understand the nature of the asset management business in different countries and the risks that it faces. They therefore discuss how the asset management business operates; how it is organized; the nature and size of risks in the business, who bears them, and how they are financed; and what the alternative forms of investor protection are, together with their associated costs and benefits.
Public Sector Property Asset Management
DOWNLOAD
Author : Malawi Ngwira
language : en
Publisher: John Wiley & Sons
Release Date : 2016-05-03
Public Sector Property Asset Management written by Malawi Ngwira and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-05-03 with Business & Economics categories.
In many public sector organisations, there has been little or no adoption of a proactive asset management strategy. Where an extensive property portfolio exists, this can result in poor overall utilisation of the portfolio, exemplified by excessive vacant property or properties not being put to best use. In such situations there is a risk that the building stock deteriorates more rapidly than expected, leading to expensive maintenance and repair charges. Lack of a proactive asset management strategy will impact on the services delivered by such organisations. Public Sector Property Asset Management covers all aspects of asset management in the public sector, including the overall concept, the development of asset management strategies and the implementation of asset management practices. It evaluates asset management strategies, processes and practices to show how effective management of property assets support business activities or service delivery functions. The reader will understand the importance of improving decision-making through the recognition of all costs of owning and operating those assets throughout their lifecycle, leading to improved business process activities or service delivery functions which greatly assist in meeting the social and economic objectives of such organisations. Written for all practitioners currently involved in asset management, the book will also be useful in the university environment, to those teaching, researching or learning about asset management in the public sector.
Issues In The Establishment Of Asset Management Companies
DOWNLOAD
Author : Mr.Dong He
language : en
Publisher: International Monetary Fund
Release Date : 2004-05-01
Issues In The Establishment Of Asset Management Companies written by Mr.Dong He and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004-05-01 with Business & Economics categories.
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.
Advances In The Practice Of Public Investment Management
DOWNLOAD
Author : Narayan Bulusu
language : en
Publisher: Springer
Release Date : 2018-07-28
Advances In The Practice Of Public Investment Management written by Narayan Bulusu and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-07-28 with Business & Economics categories.
This book covers the latest advances in the theory and practice of public investment management. It includes the most up-to-date developments in the implementation of public asset management – including multiple contributions on portfolio allocation in varying interest-rate and credit-risk environments. Other highlights include implementation, performance attribution and governance issues surrounding reserves management, portfolio construction techniques appropriate for public investors and an in-depth discussion of the challenges to achieving international diversification.
Nonperforming Loans And Public Asset Management Companies In Malaysia And Thailand
DOWNLOAD
Author : Masahiro Inoguchi
language : en
Publisher:
Release Date : 2012
Nonperforming Loans And Public Asset Management Companies In Malaysia And Thailand written by Masahiro Inoguchi and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with Banks and banking categories.
Managing Government Property Assets
DOWNLOAD
Author : Olga Kaganova
language : en
Publisher: The Urban Insitute
Release Date : 2006
Managing Government Property Assets written by Olga Kaganova and has been published by The Urban Insitute this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with Business & Economics categories.
Governments own a vast array of real property--from large stretches of land to public housing projects, from water distribution systems and roads to office buildings. Typically, management of public property is highly fragmented, with responsibility for each type of asset falling within a different agency or bureaucracy. In almost all countries, different classes of property are managed according to their own rules, often following traditional practices rather than any assessment of what type of management is appropriate. Over the past decade, however, a new discipline has emerged that examines this important component of public wealth and seeks to apply standards of economic efficiency and effective organizational management. Managing Government Property Assets reviews and analyzes this recent wave of activity. The authors draw upon a wide variety of national and local practices, both in countries that have been leaders in management reforms and in countries just beginning to wrestle with the problem. This comparison reveals that the issues of public property management are surprisingly similar in different countries, despite striking differences in institutional contexts and policy solutions.