협동조합 금융기관의 자기자본 규제 = The Capital Regulation of Cooperative Financial Institutions

다국어 초록 (Multilingual Abstract)

The assumptions underlying rationales for bank capital regulation are not
compatible with the governance and risk profiles of cooperative financial
institutions. In case of German cooperative banks subject to both the
Cooperative Act and the Banking Act, the Cooperative Act has been
revised to make it easier for cooperative banks to meet the regulatory
and operational capital needs, and as a result their organizational structures
and operational methods have been changed. The German Banking Act,
however, still reflects the cooperative characteristics of cooperative banks
in the definition and composition of capital. The US credit unions which
have been organized and operated under Credit Union Acts are not subject
to the Basel Capital Accord. The bank-style PCA system was introduced in
the late 1990, but the PCA model for credit unions differentiates capital regulations of credit unions based on their size and operational characteristics.
German and US cases illustrate the need for timely response to changing
circumstances and the appropriate consideration of cooperative characteristics
in capital regulation.

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