Studies reveal role of donations in shaping US regulation
Two studies show how financial industry cash and lobbying shape US regulations – and how they could be undermining Fed efforts on macro-prudential oversight
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
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