Cooperative Banks and EU Regulation: A General Assessment

Silvio Goglio () and Mitja Stefancic ()
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Silvio Goglio: University of Trento
Mitja Stefancic: EURICSE

Chapter Chapter 3 in Contemporary Trends in European Cooperative Banking, 2022, pp 55-73 from Springer

Abstract: Abstract Effective regulation in banking can be considered as a public good, since it sets out to create positive externalities for a broad spectrum of economic actors, as businesses, families and banks themselves. However, the process of designing such regulation is not a neutral one. This chapter focuses on the new regulatory framework under which cooperative banks in Europe operate. Our argument is that, despite their complexity and a call for proportionality, these rules are not optimal for such banks, whose characteristics and role in the economy are not taken into account. As a result, this framework imposes a heavy burden on them, and may significantly affect their organisation, business model and corporate values, thereby impoverishing the biodiversity of the banking system.

Keywords: Bank regulation; Cooperative banks; Proportionality; Public goods supply; Externalities; 2007–2009 crisis (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-98194-5_3

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DOI: 10.1007/978-3-030-98194-5_3

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