It takes the average reader and 38 minutes to read Carving Out Legacy Assets by Rym Ayadi
Assuming a reading speed of 250 words per minute. Learn more
This paper considers a number of issues related to the restructuring of troubled banks in the EU. First, we provide an overview of how legacy assets have been dealt in a number of countries (in particular, drawing upon the experiences in Japan, the USA, Sweden and Spain), which support the case for a centralized solution in the presence of a generalized banking crisis. Second, we shed light on the need to differentiate between systemic and nonsystemic events, by examining the relevant literature on the credit channel. Third, we elaborate the theoretical argument on the need for a systematic centralised approach at EU level to deal with legacy assets in bank restructuring in order to maintain fair recovery rates. Finally, we provide a preliminary assessment of the business models, risk, response to regulation and performance of 38 state aided banks via recapitalisation measures and explicit restructuring requirements, with an emphasis on APS-AMC arrangements using available data between 2005 and 2015. The indicators show that these state aided banks are only returning progressively to soundness and struggling to regain their performance levels of the pre-crisis period, which is a generalised problem throughout the European banking sector.
Carving Out Legacy Assets by Rym Ayadi is 37 pages long, and a total of 9,509 words.
This makes it 12% the length of the average book. It also has 12% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 51 minutes to read Carving Out Legacy Assets aloud.
Carving Out Legacy Assets is suitable for students ages 8 and up.
Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.
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