Mitigación del riesgo de crédito en basilea II y la financiación de las PYMEel caso del Aval de las SGR
- Pindado García, Julio (coord.)
- Payne, Gregory (coord.)
Publisher: Escuela Superior de Gestión Comercial y Marketing, ESIC
ISBN: 978-84-7356-556-1
Year of publication: 2008
Volume Title: Ponencias
Volume: 1
Pages: 80
Congress: Asociación Europea de Dirección y Economía de Empresa. Congreso Nacional (22. 2008. Salamanca)
Type: Conference paper
Abstract
The objective of this work is to analyse how the references that the Loan Guarantee Association (LGA) give to the Small and Medium Enterprises (SMEs) influence in the own funds that the International Convergence of Capital Measurement and Capital Standards - A Revised Framework (known as Basel II Accord) requires to the financial entities. With this, the authors intend to study the collateral�s effect on the premium risk that banks should charge to their corporate clients, and if this predictable reduction in the interest rate may be balanced by the cost of the reference for the SME. Among the main conclusions, we have found that, considering that the cost of the LGA� reference is, in Spain, 0.73%, this reference would be economic for SMEs going to the credit market whereas the LGA� probability of failing to pay is less than 1%, if the system used by the financial entity to calculate its regulatory capital is based on the Internal Risk Based Approach (IRB). In the case of the bank applying the standard approach, the limit is placed in 2.5% approximately.