Book Review. Marco Migliorelli (Ed.) : New Cooperative Banking in Europe. Strategies for Adapting the Business Model Post Crisis

The book “New Cooperative Banking in Europe. Strategies for Adapting the Business Model Post Crisis”, edited by Marco Migliorelli and published by Palgrave Macmillian in 2018, rigorously delves into the future of the European cooperative banking sector. Corroborated by up to date and hard to find information and data, the book addresses four major challenges pertaining to: i) the macroeconomic adversities; ii) the regulatory challenge; iii) the internal governance issues; and iv) the consequences of the digital revolution. The overarching question is: Can Europe afford to do away with its cooperative banks, or should the old continent find a manner to safeguard these banks which are deeply rooted in its tradition? Although some issues could have been investigated more in depth, the book stands out for its merits and serves as an important and timely reference on the topic