Difference between revisions of "Asset Management Company"
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Latest revision as of 12:03, 25 September 2020
Definition
An Asset Management Company is a Special Purpose Vehicle for cleansing bank balance sheets. A credit institution can transfer non-performing assets (NPA) to an AMC, subject to certain requirements and conditions being met. AMCs are often referred to as "bad banks".[1]
See Also
References
- ↑ ECB Guidance to banks on non-performing loans, March 2017
