Making the Bad Bank Operational: The Logistics in Ireland
Monday, 18 May 2009 | 
Finance - Banki...
Outsourcing Valuation and Bad Loan Management back to the Banks which created them? Construction Companies too big to fail!!!
"There would, the minister said, be problems with staffing Nama; legal problems if banks or borrowers did not like the details; valuation problems, as the agency would be in uncharted territory in attempting to figure out how much each bad loan was really worth - a conundrum that even the banks have admitted is beyond them in the current climate."
"Early suggestions that Nama would recruit specialist staff with experience in credit management have given way to outline plans for so-called ‘‘outsourcing’’ arrangements with participating banks. While Lenihan has stressed that lenders who were responsible for granting problem loans should have no place in helping to work them out, the optics of a bank continuing to manage a bad loan - even after the downside risk has been transferred to the state - are not very appealing."
The Sunday Business Post (Dublin):
| 
Tags: 
Are the key legislative pillars such as Basel II & III, UCITS IV and Solvency II forcing you to re-examine how you identify, measure and manage risk and capital?
Asymptotix work closely with our partners to help clients develop a more proactive, systematic and integrated approach to governance and risk management to deliver proper value.
Asymptotix can offer the support you need to deliver on time. Read more...
Is the goal of your website to sell services or products, educate, or collect data?
A positive customer experience is vital to conversion, no matter what your conversion goals may be. Our designers and developers will create a positive experience to maximize your conversions and deliver the optimal return on your investment. We strive to find the perfect balance between the web site’s design and functionality.
Asymptotix implements interactive solutions for European companies. From corporate websites to social communities, our clients will tell you an investment in building a scalable online experience will deliver long-term tangible benefits.
Based in Luxembourg we can help you all over Europe. Our multi-lingual team can work with projects and speak your language! Read more...