Traduction de «cooperative bank » (Anglais → Français) :

The European Commission has found recapitalisation and restructuring aid measures in favour of the Cooperatives Credit Institutions and their central body, the Cooperative Central Bank Ltd (together "the cooperative banking sector") in Cyprus to be in line with EU state aid rules.

Commercial banks, whether they are private banks, saving banks or cooperative banks, will remain a primary source of finance in most countries but we need alternatives to close the funding gap and to complement the traditional intermediation process by banks.

22. Urges the Member States, in keeping with ILO Recommendation 193/2002, to review their legislation applying to cooperatives in general and, in particular, to specific cooperative typologies such as worker cooperatives, social cooperatives, artisans’ cooperatives and cooperative banks, with a view to adopting a comprehensive policy to support the cooperative business model and creating a regulatory environment favourable to the recognition of the role of cooperatives and their management organisations and to the development of cooperatives, especially in fields and sectors where this model has proven to have a social, economic and envi ...[+++]ronmental added-value; calls on the Member States, acting in cooperation with the social partners and other stakeholders at regional and local level, to identify strategic sectors suitable for cooperative projects; stresses that this should include the introduction of appropriate financial instruments and the recognition of cooperatives’ role in the national social dialogue, in addition to the role of cooperative credit banks, which have always attached particular importance to sustainable and socially responsible financing and are well-established locally; calls for this recommendation to be borne in mind in the context of the review of the Regulation on the Statute for a European Cooperative Society (SCE);

F. whereas cooperative banks have shown high levels of sustainability and resilience during the financial crisis, thanks to their cooperative business model; whereas thanks to their cooperative business model they increased turnover and growth during the crisis with less bankruptcies and redundancies; whereas cooperative enterprises also provide high-quality, inclusive and crisis-resilient employment, often with high ratios of female and migrant employment and contribute towards the sustainable economic and social development of an area by providing local, non relocatable jobs; whereas cooperatives can be seen as a successful and con ...[+++]temporary approach to the social economy and can contribute to providing secure employment prospects and allow employees to plan their life flexibly at their place of origin, especially in rural areas;

7. Calls for stringent rules that prevent banks from taking excessive risks and externalising risk to the shadow bank sector; takes the view that the public bank sector and cooperative banks should be promoted with at least one major public bank to ensure financing for socially and ecologically desirable projects;

24. Is of the opinion that savings and cooperative banks, as well as other credit institutions, contribute substantially to the financing of the local economy and the development of the endogenous potential of regions and facilitate access to financial services for all consumers; stresses that the pluralism of the banking markets and the diversity of providers are pre-conditions for competition throughout the EU banking market provided that there is no distortion of competition and a level playing field is guaranteed for all market participants on the principle, 'same business, same risks, same rules';