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International Monetary Fund
This technical note focuses on selected issues on the credit union (CU) sector in the Czech Republic. The business models of CUs in the Czech Republic are fundamentally different from traditional CUs that are typically non-for-profit cooperatives operated for the benefit of a defined set of members. The paper highlights that there is a need to restructure the CU sector, aimed at striking a delicate balance between minimizing financial and supervisory risks arising from the sector while recognizing the social role of prudently managed CUs.
International Monetary Fund. Monetary and Capital Markets Department

Executive Summary This technical note reviews the cooperative bank and credit union sectors . It focuses on: (i) the situation 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 of institutional models and the sectors within a modernizing and competitive banking sector. This note was prepared using information from the authorities

International Monetary Fund. Monetary and Capital Markets Department
This Technical Note on Cooperative Banks and Credit Unions for the Republic of Poland reviews the cooperative bank and credit union sectors. It focuses on: the situation of the two sectors that are both in states of transition; the regulatory and supervisory arrangements; and the safety net and resolution regime within the context of the crisis management framework. In addition, key perspectives are provided as to the sustainability of institutional models and the sectors within a modernizing and competitive banking sector. Most cooperative banks and credit unions are found to be stable; however, each sector has its own issues. The Financial Sector Assessment Program is broadly supportive of the policy direction for cooperatives, while it questions whether the credit union sector should remain standalone. The two existing Institutional Protection Schemes and their affiliating banks need to be strengthened to ensure sustainability. Policymakers are thus advised to decide whether a standalone credit union sector remains appropriate and, if not, define a strategy to transition viable credit unions to become or consolidate with banks.
International Monetary Fund. Monetary and Capital Markets Department

://www.imf.org/external/np/fsap/fssa.aspx , and www.worldbank.org/fsap . Contents Glossary EXECUTIVE SUMMARY INTRODUCTION A. Financial System Context COOPERATIVE BANKS A. Background and Financial Performance B. Transition of the Cooperative Bank Sector C. Supervision D. Financial Safety Nets and Resolution Framework CREDIT UNIONS A. Background B. Financial Performance C. Supervision D. Financial Safety Nets and Resolution Framework BOXES 1. Resolution Experience Under the IPS Model 2. Contours of a Consolidation Strategy for the Credit Union Sector

International Monetary Fund

I. Background II. Recent Developments III. Outlook IV. Policy Discussions A. Fiscal Consolidation and Institutional Framework B. Financial Sector Reforms C. Reinforcing Growth and Job Creation Prospects V. Program Modalities and Risks VI. Staff Appraisal Boxes 1. Mortgage Distress: A More Granular Analysis 2. New Legal Framework for Bank Resolution 3. Recapitalization, Capital Adequacy, Provisioning and Disclosure 4. Strengthening the Irish Credit Union Sector Figures 1. Real Sector and Inflation Indicators 2. Housing Market and