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The country has recently begun a partial recapitalization of its major banks through the creation of asset management companies that are supposed to take some of the bad loans off those banks' books.
Similar(59)
We find that accommodating policies such as blanket deposit guarantees, open-ended liquidity support, repeated partial recapitalizations, debtor bail-outs and regulatory forbearance all tend to add significantly and sizably to fiscal costs.
Partial public recapitalization of banks should remain on the agenda.
As we continue to execute that business strategy, this recapitalization plan gives shareholders partial liquidity at an attractive price of $45 per share while preserving their ability to participate in the company's exciting future growth potential".
"This is a recapitalization.
It is instead a recapitalization.
That initial recapitalization was necessary.
It also must complete a bank recapitalization.
But rapid recapitalization is likely to be required.
Failing that, "the government is responsible for recapitalization," he added.
They have been primed to expect a larger recapitalization.
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