| Description |
1 online resource (17 pages) |
| Series |
IMF country report ; no. 15/99 |
|
IMF country report ; no. 15/99.
|
| Summary |
This Technical Assistance report examines Operational Aspects of Establishing an Asset Management Company. In November 2014, the Magyar Nemzeti Bank (MNB) established the Magyar Reorganizációs és Követeléskezelo (MARK), an asset management company. This step was taken to help restore monetary transmission, credit growth, and economic recovery. The MNB has established MARK on a sound foundation: banks' participation is voluntary, market prices determine valuations, and MARK's lifetime is 10 years. MARK has a clear, well-defined mandate to focus on maximizing the value of its assets. This is supported by an ambitious return on equity and a valuation methodology based on market prices |
| Notes |
"Alvaro Piris and Arne Berggren"--Page 2 of pdf |
|
"Monetary and Capital Markets Department"--Page 2 of pdf |
|
"April 2015." |
|
"March 2015"--Page 2 of pdf |
|
Online resource; title from pdf title page (IMF Web site, viewed April 13, 2015) |
| Subject |
International Monetary Fund -- Hungary
|
| SUBJECT |
International Monetary Fund. fast (OCoLC)fst00556666 |
| Subject |
Asset management accounts -- Hungary
|
|
Financial institutions -- Hungary
|
|
Corporate governance -- Hungary
|
|
Technical assistance -- Hungary
|
|
Asset management accounts.
|
|
Corporate governance.
|
|
Financial institutions.
|
|
Technical assistance.
|
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Hungary.
|
| Form |
Electronic book
|
| Author |
Berggren, Arne, author.
|
|
International Monetary Fund. Monetary and Capital Markets Department.
|
| ISBN |
1513547291 |
|
9781513547299 |
| ISSN |
1934-7685 |
|
