TILEC Work In Progress: Shanya Ruhela

Few lines about the presentation: Banking regulation changed substantially after the financial crisis of 2007-08. Along with major domestic regulatory changes, standard-setting and regulatory bodies at a transnational level were urged to develop a new set of regulations aimed at maintaining financial stability. Perhaps most prominently, the Basel Committee on Banking Supervision revised its banking regulatory standards and promulgated a new set of standards, i.e. Basel III. Historically, the banking industry is said to have exerted influence over relevant regulations through lobbying, both at the level of their national policy-making and at the level of the Committee. The Crisis has been, partly, blamed on lobbying and the resultant regulatory capture of the financial regulations. Albeit increased awareness and criticism of the existence of regulatory capture and aggressive lobbying in the wake of the Crisis, the process of exerting influence over regulations through lobbying did not disappear from policy-making. This project aims at understanding lobbying by associations that represent interests of banks at the transnational banking standard-setter, i.e. the Committee, after the Crisis. 

Speaker: Shanya Ruhela

10:45-11:45

* For more information regarding this event please contact M. van Genk ,  24 hours before the event at latest.