Asset purchase scheme: Difference between revisions
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imported>Doug Williamson (Create the page. Source: UK National Audit Office https://www.nao.org.uk/wp-content/uploads/2010/12/1011567_appendices.pdf) |
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Revision as of 14:29, 26 October 2016
Banking.
A scheme through which the impaired assets held by a bank are identified and purchased by the government.
Under such a scheme, the government may choose to establish a self-standing institution - often referred to as a 'bad bank' - to purchase and hold the impaired assets.
