Cooperative Banks and Banking Regulation in the EU: Key Elements

  • Marco Migliorelli


This chapter gives an introduction of the banking regulatory framework in Europe with respect to cooperative banks. To this extent, it first discusses the concept of proportionality and the main adaptations needed to the relevant regulation in order to take into account the cooperative banking singularities. Second, it gives a general overview on the main impacts of regulation on the cooperative banking business model, in particular as concerns capital requirements, governance requirements and the recent evolution in the payment services directives.


Banking Union Cooperative banking regulation Proportionality Capital requirements Governance requirements Payment services directive 


  1. Albert, S., & Lamarque, E. (2016). The Impact of Financial Regulation on Policy and Risk Management in Financial Cooperatives. Working Paper.Google Scholar
  2. Basel Committee on Banking Supervision (BCBS). (2011). Basel III: A Global Regulatory Framework for More Resilient Banks and Banking Systems.Google Scholar
  3. Bolton, P., Freixas, X., Gambacorta, L., & Mistrulli, P. E. (2013). Relationship and Transaction Lending in a Crisis. BIS Working Papers, No. 417.Google Scholar
  4. Choulet, C. (2016). Institutional Protection Systems: Are They Banking Groups? BNP Economic Research.Google Scholar
  5. European Banking Authority (EBA). (2017, September). Guidelines on Internal Governance Under Directive 2013/36/EU.Google Scholar
  6. European Central Bank (ECB). (2016, July). Guide on the Approach for the Recognition of Institutional Protection Schemes (IPS) for Prudential Purposes.Google Scholar
  7. Ferri, G., Kalmi, P., & Kerola, E. (2014). Does Bank Ownership Affect Lending Behavior? Evidence from the Euro Area. Journal of Banking and Finance, 48, 194–209.CrossRefGoogle Scholar
  8. Karafolas, S. (2016). Credit Cooperative Institutions in European Countries. Berlin: Springer.CrossRefGoogle Scholar
  9. Migliorelli, M., & Brunelli, S. (2016). The Transmission of the Monetary Policy in the Euro Area: The Role of the Banks’ Business Model. Annals of Public and Cooperative Economics, 88(3), 303–322.CrossRefGoogle Scholar
  10. Ory, J.-N., De Serres, A., & Jaegger, M. (2012). Comment Résister à l’Effet de Normalisation des Banques Coopératives? La Revue des Sciences de Gestion, 258, 69–82.CrossRefGoogle Scholar
  11. Richez-Battesti, N., & Leseul, G. (2016). Cooperative Banks in France: Emergence, Mutations and Issues. In S. Karofolas (Ed.), Credit Cooperative Institutions in European Countries. Berlin: Springer.Google Scholar

Copyright information

© The Author(s) 2018

Authors and Affiliations

  • Marco Migliorelli
    • 1
  1. 1.IAE Université Paris 1 Panthéon-Sorbonne (Sorbonne Business School)ParisFrance

Personalised recommendations