June 28, 2010

How do you lobby the Basel Committee?

Sir in “The US arms its financial regulators” June 28 you write “The consensus emerging from the Basel III negotiations shows that bankers have rediscovered some of their old clout”. I suppose that with bankers you re refer primarily to the too-big-to-fail group of banks, as we have seen very little coming out that could be helpful for all the other small-enough-to-fail banks.

That raises of course the very interesting question of how one gets around lobbying the Basel Committee.