Publication date:
Monday, March 21, 2011
SpinWatch, a steering committee member of ALTER-EU, has published: "Doing God's Work: How Goldman Sachs Rigs the Game", which looks at the antics of Goldman Sachs, just one of the many banks with lobbyists in London and Brussels.
Executive summary / policy recommendations:
This report gives a synopsis of Goldman Sachs' lobbying activity in Europe. Much, much more could be written about its influence in the US. If there is to be genuine regulatory reform of the banking sector on both sides of the Atlantic, then the reform process cannot be captured by the very banks that are opposed to the reform.
The entire regulatory process has to become significantly more transparent and accountable. Without such reform, the next crisis will only be a matter of time.
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