Bank Lobbying: Regulatory Capture and Beyond

35 Pages Posted: 5 Mar 2018

See all articles by Deniz Igan

Deniz Igan

International Monetary Fund (IMF) - Financial Studies Division

Thomas Lambert

Rotterdam School of Management, Erasmus University; Erasmus Research Institute of Management (ERIM)

Date Written: February 23, 2018

Abstract

In this chapter, our goal is to discuss whether and how bank lobbying in the United States leads to regulatory capture. First, we provide an overview of the importance of and motivations behind bank lobbying. Second, we examine the impact of lobbying on banking regulation and supervision by reviewing recent empirical evidence. Third, we discuss the effect of the rising influence of the banking industry on the global financial crisis. Finally, we conclude with policy implications.

Keywords: Banks, capture, financial crisis, lobbying, political economy, regulation, supervision

JEL Classification: D72, G21, G28, P16

Suggested Citation

Igan, Deniz and Lambert, Thomas, Bank Lobbying: Regulatory Capture and Beyond (February 23, 2018). Available at SSRN: https://ssrn.com/abstract=3128829 or http://dx.doi.org/10.2139/ssrn.3128829

Deniz Igan

International Monetary Fund (IMF) - Financial Studies Division ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

Thomas Lambert (Contact Author)

Rotterdam School of Management, Erasmus University ( email )

P.O. Box 1738
Rotterdam, 3000 DR
Netherlands

HOME PAGE: http://www.sites.google.com/site/lambertthom

Erasmus Research Institute of Management (ERIM) ( email )

P.O. Box 1738
3000 DR Rotterdam
Netherlands

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