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Asset Support Schemes in the Euro Area

Author

Listed:
  • O’Brien, Edward
  • Wezel, Torsten

Abstract

Asset management companies (AMCs) have been established in a number of euro area countries to resolve large stocks of impaired bank assets following the financial crisis. This special feature describes some of the fundamental characteristics of such entities from a financial stability perspective. In particular, it reviews some of the lessons learned from the AMCs’ establishment and early operations, notably regarding the eligibility of banks and assets, which has implications for the size and capital structure of an AMC, as well as the valuation of assets to be transferred, strategies for their management and disposal and other operational issues. JEL Classification: G00

Suggested Citation

  • O’Brien, Edward & Wezel, Torsten, 2013. "Asset Support Schemes in the Euro Area," Financial Stability Review, European Central Bank, vol. 1.
    • Handle: RePEc:ecb:fsrart:2013:0001:2
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    File URL: https://www.ecb.europa.eu//pub/pdf/fsr/art/ecb.fsrart201305_02.en.pdf
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    More about this item

    Keywords

    asset support schemes; ECB; euro area; financial stability;
    All these keywords.

    JEL classification:

    • G00 - Financial Economics - - General - - - General

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