Studies reveal role of donations in shaping US regulation

Fed's role jeopardised by political pressure and lobbying

Capitol Hill

Analysis of voting patterns on two recent financial regulatory bills in the US House of Representatives shows the crucial role played by campaign contributions from large banks to influential politicians in determining the shape of the US regulatory landscape. Two studies discussed at a conference held by the London School of Economics' Systemic Risk Group last week show links between congressmen who received cash from the financial sector and proposals to water down the Dodd-Frank Act's rest