The National Asset Management Agency published its draft business plan on October 13, 2009. The plan addresses issues such as the purpose and objectives of NAMA, key parameters of the NAMA portfolio, operating and governance structure, asset valuation and transfer process and key risks facing NAMA. The plan is available on the NAMA web site.
European and international developments
Commission communication on cross-border crisis management in the banking sector
The background to this communication is that the commission believes that changes are needed to make possible effective crisis management and resolution or orderly winding-up of a failing cross-border bank. The main focus is on deposit-taking banks, which play a unique role as providers of credit, deposit-takers and payment intermediaries. The communication considers measures to deliver two distinct but connective objectives. The first objective is to ensure that all national supervisors have adequate tools for identified
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