Type
Article
Titre
Myths and Realities of the Banking Lobby
Dans
World Politics Review
Pages
1 - 5 p.
ISSN
19446284
Mots clés
Banking lobby, Financial industry, Banking sector
Résumé
EN
The financial industry is commonly described as one of the most influential in politics. The numbers certainly support this impression. In terms of lobbying expenditures in the United States, the banking sector outspent even the health care sector. Few industries have comparable resources available and have been able to establish such a strong institutional presence. In many countries, top bankers and high-ranking public officials meet frequently; revolving doors between the two worlds are common; and the technical complexity of financial regulation makes consultation with the industry at all levels of decision-making a necessity. Accordingly, commentators in the media and academia warn about conflicts of interest and undue influence. [First paragraph]

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