Financial cooperatives: Regulation, Supervision and other Challenges
Financial cooperatives (FCs) are the most numerous financial institutions. On one hand, FCs are small and serve only their members, by providing affordable financial services. On the other hand, FCs gather resources and form federations with internal solidarity schemes or even consolidated groups.
The Bank for International Settlements (BIS) recently published a paper regarding the challenges faced by FCs in the new economic context.
This article provides further insight on paper findings, based on a survey of regulators and supervisors from both emerging market and advanced economies.