02004cas a2200313 a 4500 AALejournalIMF015463 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513547299 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Monetary and Capital Markets Department. Hungary : Technical Assistance Report-Operational Aspects of Establishing an Asset Management Company. Washington, D.C. : International Monetary Fund, 2015. 1 online resource (13 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This Technical Assistance report examines Operational Aspects of Establishing an Asset Management Company. In November 2014, the Magyar Nemzeti Bank (MNB) established the Magyar Reorganizacios es Koveteleskezelo (MARK), an asset management company. This step was taken to help restore monetary transmission, credit growth, and economic recovery. The MNB has established MARK on a sound foundation: banks' participation is voluntary, market prices determine valuations, and MARK's lifetime is 10 years. MARK has a clear, well-defined mandate to focus on maximizing the value of its assets. This is supported by an ambitious return on equity and a valuation methodology based on market prices. Mode of access: Internet CR imf ISCR imf Mark imf MNB Representative imf Risk Appetite imf Hungary imf IMF Staff Country Reports; Country Report ; No. 2015/239 Full text available on IMF http://elibrary.imf.org/view/journals/002/2015/239/002.2015.issue-239-en.xml IMF e-Library