Strategies for Managing Bank’s Legacy Assets:part 2 (of 2) Assessment of strategies and their implementation

Jenk, Justin (2015): Strategies for Managing Bank’s Legacy Assets:part 2 (of 2) Assessment of strategies and their implementation.

Abstract

This two-part working paper series represents a distillation of practical approaches with regard to the successful management of so-called “legacy assets” which include both impaired as well as non-performing loans, particularly in those in the real estate and property sectors. This two-part set uses case examples, based on developments in Spain during 2012 with the eventual foundation of SAREB, drawing on national, other European and North American experiences as well as expert practices. The set should be considered in their entirety. Part 1 paper outlines the context in Spain in 2012 during the height of the credit-sovereign crisis. Part 2 provides an assessment of the strategies, implementation issues and decisions that led to the eventual establishment of SAREB.

• Item Type: MPRA Paper
• Language: English
• Keywords: legacy assets, legacy asset management, non-performing loans, pricing, asset resolution, bank stabilization, bad bank, bank resolution, strategy, resolution strategy, competition, implementation, Spain, BDE, SAREB, US, Resolution Trust Corporation, TARP, Sweden, Securum, Swedbank, Ireland, NAMA, Germany, SoFFin, FMSA, IRR, decosolidation, derecognition, financing, purchase, Asset Protection Schemes, SPVs, Internal Restructuring Units, Asset Management Company, Workout, Valuation, Pricing, Central Financing, Asset Management
• Subjects: A - General Economics and Teaching > A1 - General Economics; D - Microeconomics > D0 - General; E - Macroeconomics and Monetary Economics > E0 - General; F - International Economics > F0 - General; H - Public Economics > H0 - General; N - Economic History > N2 - Financial Markets and Institutions; P - Economic Systems > P0 - General

References

https://en.wikipedia.org/wiki/SAREB