Abstract
The paper investigate the lobbying affords in the financial sector in US and observing the risks that might appeared thorough lobbying the legislations in the Basel regulatory framework. I was looking for the changes in lobbying activities connected with the changes in the Basel framework regulations as well as I wanted to look at the historical volatility of lobbying and through the regression analysis try to build a prognoses for the future development of the sector.
Highlights
Cracks in the financial system were the first signal of the beginning of financial crisis in 2007
The step of central banks was the intensification of the balance sheet and at 2013 the level of expansion achieve three times of pre-crisis number and it still growing
This target would be hard to achieve because central banks are not able to repair the balance sheets of the financial institution and households to guarantee the fiscal return and initiate the reforms needed to relive the Economy
Summary
Cracks in the financial system were the first signal of the beginning of financial crisis in 2007. As soon as the highest pick of the crisis was passed the goal of policy was changed from prevention of the further losses to retention of the economy to sustainable growth This target would be hard to achieve because central banks are not able to repair the balance sheets of the financial institution and households to guarantee the fiscal return and initiate the reforms needed to relive the Economy. Central banks driven the prevention police ignored the systemic risk which appears after all the change of the accent should be made and needed adjustments should be made rater continue with repurchasing of government securities Proposed by BIS in 83d annual report [1]. I will try to answer this question through estimation of the lobbying efforts and how the government decision on lobbying affected the situation in the financial market in the country and how the political changes in one country might affect the economical situation in the world
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