Overview
- 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
Access this book
Tax calculation will be finalised at checkout
Other ways to access
Table of contents (10 chapters)
-
Front Matter
-
Back Matter
Keywords
About this book
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.
Reviews
Editors and Affiliations
About the editor
Marco Migliorelli is a researcher in finance at the IAE of the University Paris 1 Panthéon-Sorbonne (Sorbonne Business School), France and an economist at the European Commission. He holds a PhD in banking and finance from the University of Rome Tor Vergata, Italy. His main research interests include cooperative banks, green finance and financing instruments innovation.
Bibliographic Information
Book Title: New Cooperative Banking in Europe
Book Subtitle: Strategies for Adapting the Business Model Post Crisis
Editors: Marco Migliorelli
DOI: https://doi.org/10.1007/978-3-319-93578-2
Publisher: Palgrave Macmillan Cham
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s) 2018
Hardcover ISBN: 978-3-319-93577-5Published: 14 September 2018
Softcover ISBN: 978-3-030-06687-1Published: 02 February 2019
eBook ISBN: 978-3-319-93578-2Published: 01 September 2018
Edition Number: 1
Number of Pages: XXIV, 246
Number of Illustrations: 27 b/w illustrations
Topics: Banking, Financial Crises
Industry Sectors: Engineering, Finance, Business & Banking