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The new Regulation on Loan Portfolios Public Guarantee

Author

Listed:
  • Claudio D’Auria

    (Moderari e Lumsa)

Abstract

The 2018 Regulation on Loan Portfolios Public Guarantee provides some important innovation to the previous regulation. First, it provides an increase of financial outfit of Guarantee Central Found for Small and Medium Enterprises. It also provided an increase of the junior tranche part covered by the Found. However, the strongest innovation is the introduction of a methodology to calculate the maximum amount covered by the Found. Through some simulations, the article evaluates if the new regulation will have an expansive effect on credit supply, if it is able to correctly estimate the risk of a loan portfolio, and if it will produce public spending savings for a high-quality loan portfolio that does not need a maximum level of public guarantee

Suggested Citation

  • Claudio D’Auria, 2018. "The new Regulation on Loan Portfolios Public Guarantee," BANCARIA, Bancaria Editrice, vol. 11, pages 72-81, November.
    • Handle: RePEc:ban:bancar:v:11:y:2018:m:november:p:72-81
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    File URL: http://www.bancaria.it/en/the-new-regulation-on-loan-portfolios-public-guarantee/
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    More about this item

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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