<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>1665-5346</journal-id>
<journal-title><![CDATA[Revista mexicana de economía y finanzas]]></journal-title>
<abbrev-journal-title><![CDATA[Rev. mex. econ. finanz]]></abbrev-journal-title>
<issn>1665-5346</issn>
<publisher>
<publisher-name><![CDATA[Instituto Mexicano de Ejecutivos de Finanzas A.C.]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S1665-53462021000500001</article-id>
<article-id pub-id-type="doi">10.21919/remef.v16i0.539</article-id>
<title-group>
<article-title xml:lang="en"><![CDATA[The New Standardised Approach as a Credible Fallback]]></article-title>
<article-title xml:lang="es"><![CDATA[El nuevo enfoque estandarizado como alternativa creíble]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Rossignolo]]></surname>
<given-names><![CDATA[Adrián F.]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,University of Leicester  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>United Kingdom</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>00</month>
<year>2021</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>00</month>
<year>2021</year>
</pub-date>
<volume>16</volume>
<numero>spe</numero>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S1665-53462021000500001&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S1665-53462021000500001&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S1665-53462021000500001&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract The paper intends to measure the effect of Basel IV&#8217;s revamped Standardised Approach (SA) as a credible fallback to the Internal Models Approach. Using equity portfolios in the UK and US, the analysis reveals somewhat high Minimum Capital Requirements (MCR), conferring these figures an extra conservative nature. This, In turn, would generate disincentives to develop precise Internal Models stifling financial innovation, which could be remedied introducing slight changes in SA&#8217;s specification. A simulation analysis shows that, varying the fixed components of the formula alongside the introduction of calibration parameters, the output floor could be tailored to suit the needs of the local regulators using a stressed yardstick like the Loss Coverage Ratio, although every precaution must be taken in this regard. The present study ranks amongst the first to quantify the level of the output floor outside the BCBS and evaluate it against a crisis of considerable magnitude, finding that the current configuration delivers relatively excessive MCRs and, furthermore, providing alternative solutions that could enable the constitution of adequate -albeit not disproportionate- capital coverage.]]></p></abstract>
<abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen El artículo intenta mensurar el efecto del Enfoque Estandarizado (SA) modificado de Basilea IV como un soporte creíble para el enfoque de Modelos Internos (IMA). Empleando portafolios accionarios de UK y US, el análisis revela Capitales Mínimos Regulatorios (MCR) algo elevados, confiriendo a dichos valores una naturaleza extra-conservadora. Ello, a su vez, generaría desincentivos para el desarrollo de Modelos Internos precisos ahogando la innovación financiera, hecho que podría remediarse introduciendo cambios mínimos en la especificación de SA. Un análisis de simulación muestra que la variación de los componentes fijos de la fórmula conjuntamente con la introducción de parámetros de calibración permiten adaptar los MCR a las necesidades de los reguladores locales utilizando un indicador estresado como el Ratio de Cobertura de Pérdidas, siempre bajo extrema precaución. Este estudio se sitúa entre los primeros -excluido el BCBS- al momento de cuantificar el nivel de capital mínimo y evaluarlo en función de una crisis de magnitud considerable hallando que la configuración actual entrega MCR relativamente excesivos; adicionalmente, proporciona soluciones alternativas que permitirían la constitución de coberturas de capital adecuadas -mas no desproporcionadas-.]]></p></abstract>
<kwd-group>
<kwd lng="en"><![CDATA[Basel Committee]]></kwd>
<kwd lng="en"><![CDATA[Capital Requirements]]></kwd>
<kwd lng="en"><![CDATA[Standardised Approach]]></kwd>
<kwd lng="en"><![CDATA[Risk Weights]]></kwd>
<kwd lng="en"><![CDATA[Correlation Parameters]]></kwd>
<kwd lng="es"><![CDATA[Comité de Basilea]]></kwd>
<kwd lng="es"><![CDATA[Requisitos de capital]]></kwd>
<kwd lng="es"><![CDATA[Enfoque estandarizado]]></kwd>
<kwd lng="es"><![CDATA[Pesos de riesgo]]></kwd>
<kwd lng="es"><![CDATA[Parámetros de correlación]]></kwd>
</kwd-group>
</article-meta>
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