Cooperative Financial Institutions : Issues in Governance, Regulation, and Supervision
This paper addresses topics on which an agreement is necessary to arrive at consensus guidelines or principles of regulation and supervision of cooperative financial institutions (CFIs) in developing countries. Specifically we identify those aspect...
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Washington, DC: World Bank
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2006/01/6965850/cooperative-financial-institutions-issues-governance-regulation-supervision http://hdl.handle.net/10986/7107 |
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okr-10986-71072021-04-23T14:02:27Z Cooperative Financial Institutions : Issues in Governance, Regulation, and Supervision Cuevas, Carlos E. Fischer, Klaus P. ACCOUNTING ADVERSE SELECTION AFFILIATE AGENCY COST AUTONOMY BANK FAILURE BANK SUPERVISION BANKING LAW BANKING LAWS BANKING REGULATION BANKING SYSTEM CHARTER COMPETITIVE MARKETS COOPERATIVE BANKS COOPERATIVES CORPORATE CONTROL CORPORATE GOVERNANCE CREDIT RATIONING CREDIT RISK CREDIT RISK MANAGEMENT CREDIT UNION CREDIT UNIONS DEFAULT RISK DEPOSITS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMICS ENFORCEABILITY EQUAL TREATMENT FACE VALUE FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENT FINANCIAL INTERMEDIARIES FINANCIAL INTERMEDIATION FINANCIAL REGULATION FINANCIAL REPORTING FINANCIAL SERVICES INCOME INDIVIDUALS INSTITUTIONAL REFORM INSTITUTIONAL STRUCTURE INSURANCE INTEREST RATES INTERNATIONAL ACCOUNTING STANDARDS INTERNATIONAL DEVELOPMENT JOINT STOCK BANKS LAWS LEGAL FRAMEWORK LEGISLATION LIMITED LITTLE ATTENTION MANAGERS MARKET RISK MERGERS MICROFINANCE MORAL HAZARD MUTUAL SAVINGS BANKS OFF BALANCE SHEET OWNERSHIP STRUCTURE PERFORMANCE MEASURES PORTFOLIO DIVERSIFICATION PROPERTY RIGHTS REGULATORY FRAMEWORK REGULATORY FRAMEWORKS REGULATORY REGIME RENTS RURAL BANKS SAVINGS SAVINGS BANKS SEPARATION OF OWNERSHIP SHAREHOLDER SHAREHOLDERS STAKEHOLDER STAKEHOLDERS STOCK FIRMS STOCK OPTIONS SUBSIDIARY TRANSACTION COSTS UNION UNIVERSAL BANKING This paper addresses topics on which an agreement is necessary to arrive at consensus guidelines or principles of regulation and supervision of cooperative financial institutions (CFIs) in developing countries. Specifically we identify those aspects related to CFI industry structure, governance, legislation and regulation over which a well established base of knowledge exists; we point out the most important gaps in understanding and those over which a considerable degree of disagreement among stakeholders appears to exist and that require research to consolidate opinions. Three main topics covered are: (i) the fundamental structure of the sector in terms of its internal (micro) and inter-CFI (macro) organization, with focus on the agency conflicts inherent in the mutual structure, the extent to which they contribute to failure risk, and to whether and how these conflicts are controlled by existing governance mechanisms; (ii) the existing legal frameworks in an international context, their origins and the implications for the functioning of CFIs; and (iii) the regulatory frameworks under which CFIs operate and the different propositions by stakeholders about what should be an appropriate regulatory framework and an effective supervision mechanism. 2012-06-05T15:19:43Z 2012-06-05T15:19:43Z 2006 http://documents.worldbank.org/curated/en/2006/01/6965850/cooperative-financial-institutions-issues-governance-regulation-supervision 978-0-8213-6684-4 http://hdl.handle.net/10986/7107 English en_US World Bank Working Paper No. 82 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank Publications & Research :: Publication Publications & Research :: Publication |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCOUNTING ADVERSE SELECTION AFFILIATE AGENCY COST AUTONOMY BANK FAILURE BANK SUPERVISION BANKING LAW BANKING LAWS BANKING REGULATION BANKING SYSTEM CHARTER COMPETITIVE MARKETS COOPERATIVE BANKS COOPERATIVES CORPORATE CONTROL CORPORATE GOVERNANCE CREDIT RATIONING CREDIT RISK CREDIT RISK MANAGEMENT CREDIT UNION CREDIT UNIONS DEFAULT RISK DEPOSITS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMICS ENFORCEABILITY EQUAL TREATMENT FACE VALUE FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENT FINANCIAL INTERMEDIARIES FINANCIAL INTERMEDIATION FINANCIAL REGULATION FINANCIAL REPORTING FINANCIAL SERVICES INCOME INDIVIDUALS INSTITUTIONAL REFORM INSTITUTIONAL STRUCTURE INSURANCE INTEREST RATES INTERNATIONAL ACCOUNTING STANDARDS INTERNATIONAL DEVELOPMENT JOINT STOCK BANKS LAWS LEGAL FRAMEWORK LEGISLATION LIMITED LITTLE ATTENTION MANAGERS MARKET RISK MERGERS MICROFINANCE MORAL HAZARD MUTUAL SAVINGS BANKS OFF BALANCE SHEET OWNERSHIP STRUCTURE PERFORMANCE MEASURES PORTFOLIO DIVERSIFICATION PROPERTY RIGHTS REGULATORY FRAMEWORK REGULATORY FRAMEWORKS REGULATORY REGIME RENTS RURAL BANKS SAVINGS SAVINGS BANKS SEPARATION OF OWNERSHIP SHAREHOLDER SHAREHOLDERS STAKEHOLDER STAKEHOLDERS STOCK FIRMS STOCK OPTIONS SUBSIDIARY TRANSACTION COSTS UNION UNIVERSAL BANKING |
| spellingShingle |
ACCOUNTING ADVERSE SELECTION AFFILIATE AGENCY COST AUTONOMY BANK FAILURE BANK SUPERVISION BANKING LAW BANKING LAWS BANKING REGULATION BANKING SYSTEM CHARTER COMPETITIVE MARKETS COOPERATIVE BANKS COOPERATIVES CORPORATE CONTROL CORPORATE GOVERNANCE CREDIT RATIONING CREDIT RISK CREDIT RISK MANAGEMENT CREDIT UNION CREDIT UNIONS DEFAULT RISK DEPOSITS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMICS ENFORCEABILITY EQUAL TREATMENT FACE VALUE FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENT FINANCIAL INTERMEDIARIES FINANCIAL INTERMEDIATION FINANCIAL REGULATION FINANCIAL REPORTING FINANCIAL SERVICES INCOME INDIVIDUALS INSTITUTIONAL REFORM INSTITUTIONAL STRUCTURE INSURANCE INTEREST RATES INTERNATIONAL ACCOUNTING STANDARDS INTERNATIONAL DEVELOPMENT JOINT STOCK BANKS LAWS LEGAL FRAMEWORK LEGISLATION LIMITED LITTLE ATTENTION MANAGERS MARKET RISK MERGERS MICROFINANCE MORAL HAZARD MUTUAL SAVINGS BANKS OFF BALANCE SHEET OWNERSHIP STRUCTURE PERFORMANCE MEASURES PORTFOLIO DIVERSIFICATION PROPERTY RIGHTS REGULATORY FRAMEWORK REGULATORY FRAMEWORKS REGULATORY REGIME RENTS RURAL BANKS SAVINGS SAVINGS BANKS SEPARATION OF OWNERSHIP SHAREHOLDER SHAREHOLDERS STAKEHOLDER STAKEHOLDERS STOCK FIRMS STOCK OPTIONS SUBSIDIARY TRANSACTION COSTS UNION UNIVERSAL BANKING Cuevas, Carlos E. Fischer, Klaus P. Cooperative Financial Institutions : Issues in Governance, Regulation, and Supervision |
| relation |
World Bank Working Paper No. 82 |
| description |
This paper addresses topics on which an
agreement is necessary to arrive at consensus guidelines or
principles of regulation and supervision of cooperative
financial institutions (CFIs) in developing countries.
Specifically we identify those aspects related to CFI
industry structure, governance, legislation and regulation
over which a well established base of knowledge exists; we
point out the most important gaps in understanding and those
over which a considerable degree of disagreement among
stakeholders appears to exist and that require research to
consolidate opinions. Three main topics covered are: (i) the
fundamental structure of the sector in terms of its internal
(micro) and inter-CFI (macro) organization, with focus on
the agency conflicts inherent in the mutual structure, the
extent to which they contribute to failure risk, and to
whether and how these conflicts are controlled by existing
governance mechanisms; (ii) the existing legal frameworks in
an international context, their origins and the implications
for the functioning of CFIs; and (iii) the regulatory
frameworks under which CFIs operate and the different
propositions by stakeholders about what should be an
appropriate regulatory framework and an effective
supervision mechanism. |
| format |
Publications & Research :: Publication |
| author |
Cuevas, Carlos E. Fischer, Klaus P. |
| author_facet |
Cuevas, Carlos E. Fischer, Klaus P. |
| author_sort |
Cuevas, Carlos E. |
| title |
Cooperative Financial Institutions : Issues in Governance, Regulation, and Supervision |
| title_short |
Cooperative Financial Institutions : Issues in Governance, Regulation, and Supervision |
| title_full |
Cooperative Financial Institutions : Issues in Governance, Regulation, and Supervision |
| title_fullStr |
Cooperative Financial Institutions : Issues in Governance, Regulation, and Supervision |
| title_full_unstemmed |
Cooperative Financial Institutions : Issues in Governance, Regulation, and Supervision |
| title_sort |
cooperative financial institutions : issues in governance, regulation, and supervision |
| publisher |
Washington, DC: World Bank |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2006/01/6965850/cooperative-financial-institutions-issues-governance-regulation-supervision http://hdl.handle.net/10986/7107 |
| _version_ |
1764399100570107904 |