The International Research Centre on Cooperative Finance (IRCCF) of HEC Montréal publishes research-based analyses in the field of financial services cooperatives. Our series of publications include books, studies, policy papers, working papers and commentaries.

The IRCCF papers represent the authors’ personal opinions and do not necessarily reflect the views of the IRCCF or its staff. All documents are available for free downloading in PDF format.

Bank and Credit Union Business Models in the United States

Author(s): Rym Ayadi, Michel Keoula, Willem Pieter De Groen, Walid Mathlouthi, Ibtihel Sassi | November 2017 - This study comes in response to the continuing evolution of market structures and regulatory overhaul since the financial crisis of 2007-2009 in the US.

Systemic Solutions to Systemic Crises. Dealing with NPLs in the Eurozone

Auteur(s): Rym Ayadi, Giovanni Ferri, Rosa M. Lastra | Juillet 2017 - Le papier se penche sur la question de la restructuration du système bancaire européen.

Banks and environmental sustainability: Some financial stability reflections

Author : Maria J Nieto | September 27, 2017 - This article quantifies the direct exposure of loans to high environmental risk sectors banking systems of the European Union (EU), Switzerland, the United States, Japan and China, and analyzes some of the most important challenges facing banks and their regulators.

Carving out legacy assets: a successful tool for bank restructuring? – European Parliament

Author(s): Rym Ayadi, Giovanni Ferri, Rosa M. Lastra | March 2017 - This paper considers a number of issues related to the restructuring of troubled banks in the European Union.

The Palgrave Handbook of European Banking

Author(s): Rym Ayadi, Willem Pieter De Groen | January 14, 2017 - In the chapter Banks’ Business Models in Europe, the authors examine the diversity of banks in Europe by identifying banks’ business models using a novel definition and methodology.

Institutional Diversity in Banking

Author(s): Rym Ayadi | December 22, 2016 - The chapter Banks’ Business Models in Europe: Are Cooperative Banks Different? attempts to better understand the response function of each banks’ category in a crisis situation in terms of performance and risk.

The different legal and operational structures of banking groups in the euro area, and their impact on banks’ resolvability – European Parliament

Author(s): Rym Ayadi, Rosa M. Lastra, Rodrigo Olivares-Caminal, Costanza Russo | December 5, 2016 - The paper assesses the impact of structures upon banks’ resolvability.

Bank business models in Europe: why does it matter for the future of regulation and resolution?

Author(s): Rym Ayadi | July 15, 2016 - This analysis can provide market participants, depositors, creditors, regulators and supervisors with a useful tool to better understand the nature of risk attached to each bank business model.

Regulatory Arbitrage in EU Banking: Do Business Models Matter?

Author(s): Rym Ayadi, Giovanni Ferri, Valerio Pesic | July 15, 2016 - Do bank business models matter in risk assessment and regulation?

“Total Assets” versus “Risk Weighted Assets”: does it matter for MREL requirements? – European Parliament

Author(s): Rym Ayadi, Giovanni Ferri | July 13, 2016 - Using a comprehensive sample of European banks by business model, ownership structure and systemic footprint, Pr. Rym Ayadi and Pr. Giovanni Ferri calculate MREL requirements.