Partners in advocacy for financial reforms: After the financial crisis, MEPs and civil society groups countered financial lobby efforts to stymie re-regulation

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1 janvier 2016

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Archive ouverte de Sciences Po (SPIRE)

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info:eu-repo/semantics/altIdentifier/hdl/2441/6ohg262rrm95rra2rk4drerdhn

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Financial reforms Crisis Lobbying Financial industry groups

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Industrial production Industry

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Lisa Kastner, « Partners in advocacy for financial reforms: After the financial crisis, MEPs and civil society groups countered financial lobby efforts to stymie re-regulation », Archive ouverte de Sciences Po (SPIRE), ID : 10670/1.lunww6

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Financial reforms in response to the 2008 crisis were subject to intense lobbying. Many believe that financialindustry groups entirely ‘captured’ this regulatory process and tilted legislation towards their preferences.Drawing on her winning thesis at the 2016 PADEMIA Research Awards, Lisa Kastner shows that in theaftermath of the crisis, when the public paid attention to the financial reforms, members of the EuropeanParliament (MEPs) worked closely together with civil society groups to bring about reforms despite theopposition of the financial industry.

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