Republic of Poland Financial Sector Assessment Program : Cooperative Banks and Credit Unions
This technical note reviews the cooperative bank and credit union sectors. It focuses on: (i) thesituation of the two sectors that are both in states of transition; (ii) the regulatory and supervisory arrangements; and (iii) the safety net and reso...
| Main Authors: | , |
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| Format: | Report |
| Language: | English |
| Published: |
World Bank, Washington, DC
2019
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/368491559579376785/Poland-Cooperative-Banks-and-Credit-Unions-Technical-Note http://hdl.handle.net/10986/31809 |
| Summary: | This technical note reviews the
cooperative bank and credit union sectors. It focuses on:
(i) thesituation of the two sectors that are both in states
of transition; (ii) the regulatory and supervisory
arrangements; and (iii) the safety net and resolution regime
within the context of the crisis management framework. In
addition, key perspectives are provided as to the
sustainability ofinstitutional models and the sectors within
a modernizing and competitive banking sector. This note was
prepared using information from the authorities and market
participants that was received in the first semester of 2018
at the time of the visit of the authors. Although in some
instances there is subsequent improvement in the performance
of some cooperative banks and credit unions, the authors
believe such changes do not modify substantially the main
conclusions and recommendations made. Most cooperative
banks and credit unions are stable, but each sector has its
own issues. The FSAP is broadly supportive of the policy
direction for cooperatives, while it questions whether the
credit union sector should remain standalone. Combined,
cooperative banks and credit unions represent less than 8
percent of deposit takers, though more importantly they
serve about 18 percent of the population. |
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