Editor
Marco Migliorelli, IAE Université Paris 1 Panthéon-Sorbonne (Sorbonne Business School) Paris, France & winner of the 4th EACB Award
Introduction
- Showcases how the European cooperative banks have continued to evolve amid a new competitive scenario that resulted from the Great Crisis in Europe in 2009
- Outlines recent regulatory constraints that have produced an increased capital and liquidity burden
- Observes and analyses how cooperative banks have been reacting in the attempt to preserve their unique business model
This edited volume showcases how the European cooperative banks have continued to evolve amid a new competitive scenario that resulted from the Global Financial Crisis started in Europe in 2008. The cooperative banking paradigm has been put under an unprecedented pressure as a consequence of factors such as the exceptionally low interest rates set by the European Central Bank, low profitability generated by traditional banking services—which are the backbone of the cooperative banking business—and the entrance of fintech companies into the banking market. Furthermore, tightening regulation since the beginning of the crisis has produced an increased capital and liquidity burden which in some cases have forced cooperative banks to reduce lending to their members and customers, putting under question the traditional countercyclical role of cooperative banks in periods of crisis. For these reasons, it is of the utmost value to observe and analyse how cooperative banks have been reacting in the attempt to preserve their unique business model and, at the same time, to keep providing credit to the economy. A number of scholars active in the cooperative banking sector have been involved in this edited volume as contributors.
Table of contents
- An Overview of Cooperative Banking in Europe
Simon Cornée, Lucrezia Fattobene, Marco Migliorelli
Pages 1-27 - The New Economic Scenario and Its Impact on the Cooperative Banking Business Model
Eric Meyer
Pages 29-45 - Cooperative Banks Lending During and After the Great Crisis
Marco Migliorelli
Pages 47-85 - Cooperative Banks and Banking Regulation in the EU: Key Elements
Marco Migliorelli
Pages 87-101 - National Initiatives to Drive the Evolution of the Cooperative Banking Sector
Hans Groeneveld, Roberto Di Salvo, Juan Sergio Lopez, Francesco Di Leo
Pages 103-139 - The Governance of Cooperative Banks: Main Features and New Challenges
Eric Lamarque
Pages 141-161 - The New Paradigm of Digital Proximity for Cooperative Banks
Tiphaine Gorlier, Géraldine Michel, Valérie Zeitoun
Pages 163-181 - The Way Forward for Cooperative Banks
Silvio Goglio, Ivana Catturani
Pages 183-200 - The Cooperative Banks Today in the EU Perspective
Giorgio Caselli
Pages 201-229 - Cooperative Banking in Europe Today: Conclusions
Marco Migliorelli
Pages 231-242