Academics have been calling for it for some time now, but it is finally being picked up by policy makers. The latest Financial Stability Review by the ECB has a long appendix (special feature B) discussing Asset Management Companies (AMC) and their potential use in the Eurozone and the European Banking Authority has openly called for the establishment of one. In this , I discuss the benefits of such centralized solutions to banking crises and their challenges and argue for an ambitious version of an AMC for the Eurozone. Time to address the legacy problems of the Eurozone – after one lost decade, it is time to avoid a second one.
24. Apr, 2017