The new Regulation on Loan Portfolios Public Guarantee

Claudio D’Auria
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Claudio D’Auria: Moderari e Lumsa

BANCARIA, 2018, vol. 11, 72-81

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

JEL-codes: G11 G28 G32 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:ban:bancar:v:11:y:2018:m:november:p:72-81

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