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Regulation and supervision of financial cooperatives

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FSI Papers  |  No 15  |  10 January 2019 by  Rodrigo Coelho, Jean-Philippe Svoronos, Jose Angelo Mazzillo and Yu Taohua PDF full text (982kb)  |  80 pages Financial cooperatives (FCs) differ from commercial banks mainly in their ownership structure and primary objectives. These characteristics confer competitive advantages but also restrict FCs' ability to grow, giving rise to concentration risks as well as challenges in governance and resolution. Moreover, technological innovation may be eroding some of the competitive advantages traditionally enjoyed by FCs. All this strengthens

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FSI Papers  |  No 15  | 
10 January 2019
PDF full text
 (982kb)
 |  80 pages

Financial cooperatives (FCs) differ from commercial banks mainly in their ownership structure and primary objectives. These characteristics confer competitive advantages but also restrict FCs' ability to grow, giving rise to concentration risks as well as challenges in governance and resolution. Moreover, technological innovation may be eroding some of the competitive advantages traditionally enjoyed by FCs. All this strengthens the case for enhanced cooperation and consolidation. Based on a survey of regulators and supervisors from both emerging market and advanced economies, the paper outlines these challenges in the new regulatory and technological context and assesses how FCs and the relevant authorities are responding. 

JEL classification: G21, G28, G32, G38, P13

International Settlement
The Bank for International Settlements (BIS) is an international company limited by shares owned by central banks which "fosters international monetary and financial cooperation and serves as a bank for central banks". The BIS carries out its work through subcommittees, the secretariats it hosts and through an annual general meeting of all member banks. It also provides banking services, but only to central banks and other international organizations. It is based in Basel, Switzerland, with representative offices in Hong Kong and Mexico City.

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