Cooperative Financial Institutions - Center of Excellence

Blog » BIS FSI Insights on policy implementation No 15 Regulation and supervision of financial cooperatives_2019

BIS FSI Insights on policy implementation No 15 Regulation and supervision of financial cooperatives_2019

Created Apr 18 2019, 10:53 AM by Musakanyakombe Susan Mwape
  • Regulation_and_supervision

This paper reviews the main challenges arising from FCs’ specificities in the new regulatory and technological context. It also assesses how FCs3 themselves and their regulators and supervisors have responded to those challenges. The paper is based on a survey of nine jurisdictions, 4 drawing on the experience of regulators and supervisors from both EMEs and advanced economies. In some of these jurisdictions, the main role of FCs is to contribute to financial inclusion while in others they compete with other financial institutions in the domestic retail market. Their business models and the way they organise themselves differ substantially across the selected countries. Finally, while in some surveyed jurisdictions, FCs have been active for more than a century, in others they may have started operations only recently