The proposal for an AMF came from Japan in September 1997, before the Crisis had fully unfolded.
CNN: This monetary body would limit Crisis spillover effects
Since the AMF has a duty to protect minorities' interests, the regulator may indeed block the plan.
Thus the possibility of regional spillover effects is the most important justification for setting up an AMF or similar institution.
CNN: This monetary body would limit Crisis spillover effects
One proposal that has attracted a good deal of public attention is the establishment of an Asian Monetary Fund (AMF).
CNN: This monetary body would limit Crisis spillover effects
Example: Harley-Davidson (nyse: HOG - news - people ), which languished as part of former conglomerate AMF and became a star as a stand-alone company.
And to create the holding company they will need an exemption from having to make a mandatory tender offer for all shares from France's Financial Markets Authority (AMF).
Unlike the IMF's loans, AMF assistance would come without conditionality.
CNN: This monetary body would limit Crisis spillover effects
An AMF would be in line with such a proposal.
CNN: This monetary body would limit Crisis spillover effects
The larger pool of resources that an AMF would provide on a permanent basis to deal with such crises is an important rationale for setting up such an institution.
CNN: This monetary body would limit Crisis spillover effects
As the IMF has been pushing for a larger quota, a larger sum of money in the form of an AMF could not be hurtful - and indeed provides an added rationale.
CNN: This monetary body would limit Crisis spillover effects
Seagate would then commence a tender offer for the remaining outstanding shares of LaCie (followed as the case may be by a squeeze-out procedure), subject to a clearance decision from the AMF.
ENGADGET: Seagate to buy LaCie for $186 million, expand its storage empire
Colette Neuville, an influential French advocate of shareholder rights, has called on the AMF to block the family's move, arguing that it would put non-family minority shareholders at a disadvantage because the value of their shares would be reduced if a majority of the shares were locked up.
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