IDEAS home Printed from https://ideas.repec.org/a/cic/revcir/y2011i73p151-170.html
   My bibliography  Save this article

How viable are spanish credit cooperatives after recent bank capitalization and restructuring regulations?

Author

Listed:
  • Gemma Fajardo García

    () (Universitat de València)

Abstract

Over the past three years, major reforms have been approved in Spain in order to restructure the banking sector. The purpose of these reforms has been to reinforce the solvency of credit institutions through recapitalization and integration into larger organizations. The credit cooperatives have not presented any solvency problems which would justify these measures being applied to them. The problem that the financial authorities see in their case is their limited size. As a result, the credit cooperatives are immersed in an integration process which is not revolving around the Banco Cooperativo Español (BCE) or the Spanish Association of Rural Savings Banks, as might be expected, but is taking place through mergers between individual institutions and the setting up of various cooperative groups. While the credit cooperatives have not been channelled into bankization (conversion into banks) like the savings banks, ways to become banks have been opened up to them.

Suggested Citation

  • Gemma Fajardo García, 2011. "How viable are spanish credit cooperatives after recent bank capitalization and restructuring regulations?," CIRIEC-España, revista de economía pública, social y cooperativa, CIRIEC-España, issue 73, pages 151-170, October.
  • Handle: RePEc:cic:revcir:y:2011:i:73:p:151-170
    as

    Download full text from publisher

    File URL: http://www.ciriec-revistaeconomia.es/banco/7307_Fajardo.pdf
    Download Restriction: no

    More about this item

    Keywords

    Cooperative credit; legislation; financial crisis; restructuring process; Spain.;

    JEL classification:

    • K29 - Law and Economics - - Regulation and Business Law - - - Other
    • G01 - Financial Economics - - General - - - Financial Crises
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cic:revcir:y:2011:i:73:p:151-170. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Rafael Chaves). General contact details of provider: http://edirc.repec.org/data/ciriees.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.