The financial lobby
According to a leaked document, the EU is bent on using the TTIP negotiations with the US to get an agreement on financial regulation that, according to this analysis by Kenneth Haar of CEO and Myriam Vander Stichele of The Centre for Research on Multinational Corporations (SOMO) will weaken reform and control of the financial sector.
Despite a manifest presence of “the financial lobby” in the EU decision-making, until now there has been no comprehensive survey of its size and power in the EU. A new report by CEO, ÖGB Europabüro and AK EUROPA is intended to fill that void. The findings are stunning. In total the financial industry spends more than €120 million per year on lobbying in Brussels and employs more than 1700 lobbyists.