不良资产集中处置的国际经验及启示

The International Experience in the Centralized Disposal of Non-Performing Assets

不良资产处置是防范化解金融风险的重要一环,处置机制可分为市场化处置和具有一定政策性质的集中处置。其中,集中处置一般发生在不良资产数量较多并超出市场常规处置能力的时期,需要及时进行阻断、隔离与处理,否则可能对金融体系产生传染。本文对不良资产集中处置的国际经验进行了研究。

The disposal of non-performing assets is a key part of reducing and containing financial risk. The disposal mechanism can be either centralized with a significant policy component or market-based. Centralized disposal normally occurs when the volume of non-performing assets exceeds the market’s disposal capacity. These non-performing assets need to be isolated and dealt with in a timely fashion in order to prevent contagion throughout the financial system. This paper studies the international experience of centralized disposals of non-performing assets.