| As part of the innovation in financial markets and asset management over the last decade, several forms
of separate entities have come into existence that only hold assets or liabilities but do not engage in
production. Such entities are separate new or existing legal structures assigned for specific purposes
such as specialized portfolio management of assets and debts, restructuring agencies, special purpose
entities, shell companies, limited liability partnerships or trusts. Should these entities be treated as
ancillary and merged with their related enterprises, or should they be treated as separate units? If they
are separate units, to which sector should they be allocated? |
