New PDF release: Cooperative Banking: Innovations and Developments (Palgrave

By Vittoria Boscia, Alessandro Carretta, Paola Schwizer

ISBN-10: 1403996695

ISBN-13: 9781403996695

The subject of this ebook is particularly extensive, overlaying the most good points and the numerous alterations in co-operative banking versions from a number of nations either in the european and past. The authors research the most traits, examine the aggressive stipulations during which it really works, talk about top perform, and discover what the longer term holds for co-operative banking.

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Extra info for Cooperative Banking: Innovations and Developments (Palgrave Macmillan Studies in Banking and Financial Institutions)

Example text

It has to be interpreted in terms of other benefits,69 such as financial services for members at low cost, or the development of their locality. Evidently, not all economic actors are willing to accept these limitations. In order to be competitive in the new environment and to meet the condition of ‘value maximisation’ for members, cooperative banks have founded their strategies on operational efficiency and on customer– member relationship management. Cooperative banks are aware of new forms of risks which require new models and techniques for their identification, measurement and management, and consequently they have reassessed their operational structure.

On the other hand, IAS-IFRS aims to increase the level of transparency by unifying the accounting standards also for banks, for example, by basing evaluation on new principles (such as fair value). Such a scheme also implies rapid strategic changes, mainly in terms of the higher level of transparency of risks measures, which is not always possible in cooperative banks. Thus, these examples of provisions show how difficult (and costly) is for a ‘de-structured’ entity like a cooperative bank to be compliant with the new regulations.

Fonteyne W. (2007), Cooperative Banks in Europe – Policy Issues, IMF Working Paper, WP/07/159. Forestieri G. (1996), I sistemi bancari tra ristrutturazione ed innovazione, Studi e Note di Economia, Monte dei Paschi di Siena, no. 3: 181–89. 38 The Theory and Experience of Cooperative Banking Freixas X. and J. Rochet (1997), Microeconomics of Banking (Cambridge: MIT Press). Freixas X. and Santomero A. M. (2003) ‘An Overall Perspective on Banking Regulation’. UPF, Economics and Business Working Paper no.

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Cooperative Banking: Innovations and Developments (Palgrave Macmillan Studies in Banking and Financial Institutions) by Vittoria Boscia, Alessandro Carretta, Paola Schwizer


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