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The Cooperative Banking System in France

In: Cooperative Banking in Europe

Author

Listed:
  • Pietro Marchetti
  • Arianna Sabetta

Abstract

Since the mid 1990s, the French banking system has had a serious restructuring; in particular, there were some M&As whose effects influenced both banking systems’ organization and modus operandi of the établissement de credit (CECEI 2004). This process is a consequence of both the evolution of international and European financial systems (for example, markets globalization), and the peculiarities of French banking sector.2 Besides, financial and technological innovation increased and diversified the demand of financial services. It put bases for the evolution of political choices about “updating” the aims of the French banking system, which were behind the prudential deregulation and re-regulation process. At present, the banking system plays a significant role within the French economy: in fact, the banking sector contributed 2.4% of the French GDP in 2005, 2.6% in 2004, and 2.7% in 2003 (CECEI 2005).

Suggested Citation

  • Pietro Marchetti & Arianna Sabetta, 2010. "The Cooperative Banking System in France," Palgrave Macmillan Studies in Banking and Financial Institutions, in: Vittorio Boscia & Alessandro Carretta & Paola Schwizer (ed.), Cooperative Banking in Europe, chapter 4, pages 51-94, Palgrave Macmillan.
  • Handle: RePEc:pal:pmschp:978-0-230-24860-1_4
    DOI: 10.1057/9780230248601_4
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    Cited by:

    1. Quick, Reiner & Gauch, Kevin, 2021. "Is assurance on risk management systems relevant for bankers’ decisions?," Advances in accounting, Elsevier, vol. 55(C).

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