From clubs to hubs: analysing lobbying networks in EU financial regulation after crisis

Bastiaan Redert

Journal of Public Policy, 2022, vol. 42, issue 2, 390-408

Abstract: Policy networks fulfil an important role within policymaking. Networks of public and private actors provide information to policymakers and may halt or accommodate policy change. Generally, these networks exhibit stability, but at times, they are transformed due to disruptive shocks. This article compares lobbying networks surrounding three EU financial regulatory agencies before and after the global financial crisis. Utilising network-analytical methods, the analysis assesses network change after the financial crisis and the subsequent institutional and regulatory reforms. The findings show that as lobbying networks expand, they become more fragmented. They also demonstrate that shocks stimulate the entrance of new interest groups and make repeat players more selective in their lobbying efforts. This implies that the financial regulation policy network becomes less club-like after the crisis, allowing new groups to inform regulators about their policy preferences.

Date: 2022
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.cambridge.org/core/product/identifier/ ... type/journal_article link to article abstract page (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cup:jnlpup:v:42:y:2022:i:2:p:390-408_9

Access Statistics for this article

More articles in Journal of Public Policy from Cambridge University Press Cambridge University Press, UPH, Shaftesbury Road, Cambridge CB2 8BS UK.
Bibliographic data for series maintained by Kirk Stebbing ().