European Parliament Library

Cooperative Banks in Europe—Policy Issues, Wim Fonteyne

This paper explains the continuing success of European cooperative banks through evolving comparative advantages. It points out that a cooperative is built around an intergenerational endowment without final owners, which creates particular governance challenges. Risks include the use of the endowment for purposes other than members' best interest, such as empire-building, and attempts at appropriation. The risk of empire-building is reinforced by mechanisms that foster capital accumulation and asymmetric opportunities for consolidation. The paper concludes that some form of independent external oversight of corporate governance is warranted and that cooperatives need mechanisms enabling them to better manage their capital
Table Of Contents
Contents; I. Introduction and Summary; II. The Cooperative Banking Movement-From Small-scale Self-help to Large, Complex Financial Conglomerates; A. The Cooperative Ownership Form; B. The Lifecycle of a Cooperative; C. Historical Roots; D. Evolving Comparative Advantages; Tables; 1. Cooperative Banks-Market Shares of Branch Networks; 2. France and Germany: Loan-to-Deposit Ratios and Interbank Positions; E. Outlook; III. The Cooperative Banking Sector Today; A. Integrating Networks; Figures; 1. Stylized Structure of a Two-level Cooperative Network; B. Financial Performance
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (70 p.)
Specific Material Designation
Form Of Item

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