Banking lobby
[3][failed verification] The groups mission is to "protect and promote the economic vitality and integrity of its members and the United States financial system.
"[4] The 2012 appointed CEO of the Financial Services Roundtable, Tim Pawlenty, is a well-connected politician who was a candidate in the 2012 United States presidential election.
[7] This was part of a wave of western trading bodies shifting into foreign markets as a response to efforts for international regulation standards (also known as Basel III).
[8] They faced issues different from Western predicaments including: subpar corporate administration, unchecked insider trading, and having to implement G20 reforms (which meant overhauling derivatives markets and shutting down shadow banking).
To meet this goal, they had to change their western persuasion tactics and adapt to existing Asian political traditions such as: writing text communications with a more appreciative tone, utilizing the national interests of the regulators, and avoiding publicizing the problems with leaks to the international media.
[8] The western tradition of lobbying has not been a historical aspect of Chinese government policymaking; in China, the party-state makes businesses serve its objectives and goals (sometimes even at a loss of corporate profits) versus the other way around.
A government committee held meetings where government officials and members of the Japanese Business Federation (Keidanren), one of the major financial and business interest groups in Japan, met and discussed whether the Bank of Japan should have the independence to control interest rates, how to open market operations, and the policies for reserve requirements.
[10] Despite the collaboration between the two more liberal parties, a high-growth economic approach was adopted, as leaders from the Japanese Ministry of Finance backed this conservative view.
The Finance Minister of the time, Sato Eisaku, was one of the three conservative party leaders, and was thus far more dependent of business contributions, so he backed the high-growth inflationary policy.
[19] South African financial lobbyists worked in tandem with the World Bank to focus on user charges rather than participation, which limited any implementation of health, education, and any other welfare services, if they were even instituted at all.
[21] In Guatemala and Honduras, the Coordination Committee of Agriculture, Commerce, Industry, and Financial Associations (CACIF) and the Honduran Council of Private Business (COHEP) collaborate with multinational companies within the region to lobby their respective governments.
