Abstract
Since the mid 1990s, the French banking system has had a serious restructuring; in particular, there were some M&As whose effects influenced both banking systems’ organization and modus operandi of the établissement de credit (CECEI 2004). This process is a consequence of both the evolution of international and European financial systems (for example, markets globalization), and the peculiarities of French banking sector.2 Besides, financial and technological innovation increased and diversified the demand of financial services. It put bases for the evolution of political choices about “updating” the aims of the French banking system, which were behind the prudential deregulation and re-regulation process. At present, the banking system plays a significant role within the French economy: in fact, the banking sector contributed 2.4% of the French GDP in 2005, 2.6% in 2004, and 2.7% in 2003 (CECEI 2005).
1. This paper is the result of a co-operation between the authors. In particular, Arianna Sabetta has contributed to Section 4.2, while Pietro Marchetti has contributed to Sections 4.1, 4.3 and 4.4.
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© 2010 Pietro Marchetti and Arianna Sabetta
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Marchetti, P., Sabetta, A. (2010). The Cooperative Banking System in France. In: Boscia, V., Carretta, A., Schwizer, P. (eds) Cooperative Banking in Europe. Palgrave Macmillan Studies in Banking and Financial Institutions. Palgrave Macmillan, London. https://doi.org/10.1057/9780230248601_4
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DOI: https://doi.org/10.1057/9780230248601_4
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