Asset Management Company: Legal, Institutional, Financial and Economic Considerations

Topics: • Asset Management Companies (AMCs): Nigeria’s AMCON, Ghana’s banking cleanup, Ireland’s NAMA, Korea’s KAMCO, design, governance, and lessons • Institutional Structure, Governance and Operational Framework: Ownership model, mandate, governance structure, institutional independence,accountability, relationship with government/regulators, and operational capacity • Secondary NPL markets and securitization: enabling distressed asset transfers to specialized investors; enabling legal framework and market development sequencing. • Economic Impact, Financial Stability and Exit Strategy: Impact on NPL resolution, bank balance sheets, credit growth and the broader economy; moral hazard safeguards, recovery targets, AMC lifespan, and eventual winding-up strategy. Expected Output Framework for the establishment of an AMCOM