By David S. Hoelscher
Systemic monetary crises became a typical function of the worldwide monetary panorama. answer of such crises calls for a posh mixture of macroeconomic and monetary region rules, together with the restructuring and determination of challenge banks. This quantity outlines the theoretical insights which have been won and the sensible classes discovered.
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Extra info for Bank Restructuring and Resolution
In some cases, financial groups have used unregulated affiliates (including offshore banks) to evade supervision and hide their true financial condition. • Careful monitoring of loans to related parties. Due to political interference or weak supervisory capacity to enforce credit limit to insiders, a number of banks have failed as a result of large exposures to insolvent related parties. • Strong legal protection for bank supervisors. The risk of legal retaliation from former bank shareholders also postpones the adoption of early bank resolution measures by banking supervisors.
Sheng (2003). Lindgren, Garcia, and Saal (1996). Lindgren and others (1996), and Hoelscher, "Issues in Bank Resolution," IMF Regional Conference on Bank Resolution, Honduras, 2004. ) Research in Financial Services: Private and Public Policy, Vol. 7 (Stanford, Conn: JAI Press), pp 195-302. 3, Bank of International Settlements. Hoelscher, David, and Marc Quintyn, 2003, Managing Systemic Banking Crises (Washington: International Monetary Fund). Hoggarth, Glenn, and Jack Reidhill, 2003, "Resolution of Banking Crises: A Review," Financial Stability Review, December, pp.
12 An important issue in determining the effectiveness and impact of AMCs is asset pricing. As long as the ownership of the bank and the AMC is the same, NPLs can be transferred relatively rapidly as the transfer of assets is only an internal transaction. When ownership is different, pricing often becomes difficult. If an independent AMC is set up to purchase assets from going concerns, NPLs should be purchased at a price as close to a fair market value as possible. While it is difficult to price nonperforming assets (especially in the midst of financial crises), an approximation of their value, based on estimated recovery, cash flow projection, and appraisal of collateral, should be used for the purpose of the transfer.