Cooperativas financieras: revisión de experiencias internacionales (In Spanish)

Delfiner, Miguel and Perón, Silvana and Pailhé, Cristina (2006): Cooperativas financieras: revisión de experiencias internacionales (In Spanish). Published in: Central Bank of Argentina Working Papers (September 2006)

Abstract

This paper presents a comprehensive review on the activity of credit cooperatives in those countries where this sector has a long tradition and reached an important development. It describes the historical evolution in each country with special focus on the regulatory issues. The main differences between the cooperative financial sector and the traditional banking system are their corporative structure and the geographical area where these entities operate, which are a result of the market where they operate. We found an important development of a banking cooperative structure in those countries where the activity is significant, which is usually organized in federations and central entities operating with different products and services. This pyramidal structure is mainly related with the need of reaching economies of scale and synergies that local entities could not obtain. The federations provide services to local entities and represent them before the authorities. Central units work close to federations, providing a broad range of services too. This kind of structure, called cooperative net, allows local entities to exploit their relative advantages in contrast to big banks, related to the knowledge and geographical proximity to clients, but without having to suffer disadvantages in the variety of services they can provide.

• Item Type: MPRA Paper
• Institution: Central Bank of Argentina
• English Title: Credit cooperatives: overview of international experiences (In Spanish)
• Language: Spanish
• Keywords: Credit Unions; Cooperative Nets; Regulatory Issues
• Subjects: G - Financial Economics > G2 - Financial Institutions and Services > G21 - Banks ; Depository Institutions ; Micro Finance Institutions ; Mortgages

References

References

- ACI América, www.aciamericas.coop

- BCC Crédito Cooperativo, www.creditocooperativo.it

- Banco Central de España: Circulares del Banco de España. Recopilación.

- Banco Central de España: “Memoria de la Supervisión Bancaria en España”. Edición 2001 y sucesivas.

- Banco Central do Brasil (2004): “Financial Stability Report”.

- Banco Central do Brasil: Resolución 2.771 y 3.106.

- BANSEFI (2004): Extracto del discurso del Director General del BANSEFI Lic.Mohar durante el acto de presentación de los avances y retos de la banca popular.

- BCRA: Comunicaciones “A” 4183 y 4421.

- BCRA: Texto Ordenado sobre Caja de Crédito Cooperativas. www.bcra.gov.ar

- Bundesbank: Banking Supervision. Financial Service Institutions.

- Bundesverband der Deutschen Volksbanken und Raiffeisenbanken (BVR): “Profil – Leistungen –Werte”, en www.bvr.de

- Centro para la Estabilidad Financiera CEF - DGRV (2005-1): “Instituciones financieras cooperativas. Experiencia Internacional”.

- Centro para la Estabilidad Financiera CEF - DGRV (2005-2): “Instituciones financieras cooperativas. Experiencia Argentina”.

- CGAP (2006), Klaehn, Helms, Deshpande: “México: Evaluación del ahorro a nivel nacional”.

- Comisión Nacional Bancaria y de Valores (CNBV), ver www.cnbv.gob.mx

- COLAC: “Éxito en las cooperativas de Ahorro y Crédito. Un estado posible.” www.colac.com

- Confederación Nacional Cooperativa de Actividades Diversas de la República Mexicana C.N.C. .S.C. de R.L. http://www.confe-coop.org.mx/coopmex.htm#cab

- Credit Union Central of Canada, www.cucentral.ca

- Credit Union National Association, www.cuna.org

- Department of Finance Canada (2003): “Canada’s Credit Unions and Caisses Populaires”.

- European Association of Cooperative Banks (EACB), www.eurocoopbanks.coop

- Federal Credit Union Act, EE UU.

- Federazione Italiana delle Banche di Credito Cooperativo, www.federcasse.it

- Fondo di Garanzia dei Depositanti, BCC Crédito Cooperativo, Italia, www.fgd.bcc.it

- Fox (2004): Palabras del Presidente Vicente Fox Quesada durante el acto “Logros y Retos de la Banca Popular”.

- Genossenschftsgesetz (ley de cooperativas alemana), Gesetz über das Kreditwesen (Ley de Bancos Alemana v.2002).

- Iccrea Banca, www.icrea.it

- Intervento del Vice Direttore Generale della Banca d’Italia Antonio Finocchiaro (2002): “Globalizzazione e localismo: ruolo delle banche di credito cooperativo nello sviluppo delle piccole e medie imprese”.

- La red de la gente, www.lared-delagente.com.mx

- LACP (2001): Congreso de los Estados Unidos Mexicanos Ley de Ahorro y Crédito Popular publicada 6/2001 y actualizada con las modificaciones del Decreto publicado en 6/2005.

- Ley de Bancos de Italia (1993).

- Ley de Cooperativas 20.337, Argentina.

- Ley de Cooperativas de España, Ley 13/1989.

- Ley de Entidades Financieras 21.526, Argentina.

- National Credit Union Administration (NCUA). “Manual de la unión federal de crédito” , www.ncua.gov

- National Credit Union Administration (NCUA). “Rules and regulation”, www.ncua.gov

- Paul Armbruster y Matthias Arzbach (2004): “El Sector financiero Cooperativo de Alemania”. DGRV. Confederación Alemana de Cooperativas, Septiembre.

- Roberto Di Salvo (2003): “The Governance of mutual and cooperative bank systems in Europe”, BCC-FEDERCASSE Cooperative Studies.

- Sitio de los Bancos de crédito cooperativos italianos, Federcasse, Iccrea Holding, www.creditocooperativo.it

- Unión Nacional de Cooperativas de Crédito (UNACC), España (2004). “Informe Internacional”; “Los Bancos Cooperativos en Europa”.

- US Central Credit Union en: www.uscentral.coop

- VR-Networld, Alemania, www.vr-networld.de

- World Council of Credit Unions Inc. Publications (2005): “Guide to International Credit Union Legislation & Model Law for Credit Unions”, www.woccu.org.

- Zedda, Ileana (2005): “L´ordinamento giuridico delle Banche di Credito Cooperativo”, Universita di Siena.