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150128 ||| eng |
| 020 |
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|a 9781451869361
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| 100 |
1 |
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|a Gutierrez, Eva
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| 245 |
0 |
0 |
|a The Reform of Italian Cooperative Banks
|b Discussion of Proposals
|c Eva Gutierrez
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2008
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| 300 |
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|a 18 pages
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| 651 |
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4 |
|a Italy
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| 653 |
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|a Bank legislation
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| 653 |
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|a Depository Institutions
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| 653 |
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|a Commercial banks
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| 653 |
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|a Asset requirements
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| 653 |
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|a Capital adequacy requirements
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| 653 |
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|a Banks
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| 653 |
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|a Finance
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| 653 |
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|a Public finance & taxation
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| 653 |
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|a Banks and banking
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| 653 |
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|a Financial institutions
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| 653 |
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|a General Financial Markets: Government Policy and Regulation
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| 653 |
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|a Micro Finance Institutions
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| 653 |
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|a Competition
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| 653 |
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|a Financial Institutions and Services: Government Policy and Regulation
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| 653 |
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|a General Financial Markets: General (includes Measurement and Data)
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| 653 |
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|a Mortgages
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| 653 |
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|a Legal support in revenue administration
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| 653 |
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|a Financial markets
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| 653 |
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|a Taxation, Subsidies, and Revenue: General
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| 653 |
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|a Banks and Banking
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| 653 |
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|a Banking law
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| 653 |
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|a Banks and banking, Cooperative
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| 653 |
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|a Financial services industry
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| 653 |
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|a Financial regulation and supervision
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| 653 |
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|a Banking
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| 653 |
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|a Public Finance
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| 653 |
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|a Financial services law & regulation
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| 653 |
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|a Finance: General
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| 653 |
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|a Revenue
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| 653 |
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|a Cooperative banks
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| 653 |
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|a Law and legislation
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| 041 |
0 |
7 |
|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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| 490 |
0 |
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|a IMF Working Papers
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| 856 |
4 |
0 |
|u https://elibrary.imf.org/view/journals/001/2008/074/001.2008.issue-074-en.xml?cid=21824-com-dsp-marc
|x Verlag
|3 Volltext
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| 082 |
0 |
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|a 330
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| 520 |
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|a This paper argues that the governance framework of cooperative banks may hamper raising capital, particularly at time of distress, complicating the bank resolution process ?specially for large banks?and may not provide adequate incentives to control banks' management. Reforms should preserve the positive characteristics that make cooperative banks a valuable addition to the Italian financial system, while providing enough flexibility and incentives for banks to adopt a suitable governance model. Our empirical analysis suggests that cooperative banks may enjoy a higher degree of monopoly power than commercial banks. Thus, regulations and the enforcement of antitrust policies should ensure a leveled playing field
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