Risky US mortgage lenders tended to spend more money lobbying against regulation than their more conservative peers - slowing reform and contributing to risk in the system, according to research published by the International Monetary Fund.
In a working paper, A Fistful of Dollars: Lobbying and the Financial Crisis, published in December 2009, IMF economists Deniz Igan, Prachi Mishra and Thierry Tressel found lenders that lobbied most also tended to make more and riskier loans. These lenders als
The week on Risk.net, October 6-12, 2017Receive this by email
- Quantile, TriOptima face off in cleared swaps compression battle
- ABS set for revival under US Treasury’s liquidity buffer plans
- Leaked EU doc could shield legacy swaps from clearing grab
- Industry hails potential US relaxation of margin timing rules
- SGX, HKEX expect to be among first wave of Mifid II equivalence