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Joep Bertrams

A Structural problem in the shadows

Lobbying by banks in the Netherlands

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This SOMO report examines particular aspects of how lobbying works in the banking sector in the Netherlands, how transparent and accountable it is for example, and whether it affects the public interest. It focuses specifically on decision-making processes for new or reviewed financial laws and related interactions between the Dutch Ministry of Finance and six Dutch banks: ABN AMRO, ING, Rabobank, Triodos Bank, SNS Bank and its subsidiary ASN Bank.

The focus of this report is the decision-making process on upcoming financial laws from the viewpoints of both by Ministry of Finance, and six Dutch banks including an examination of their lobbying activities. This report builds on a previous SOMO report published in 2013 which assessed the transparency of six Dutch banks – ABN AMRO, ING, Rabobank, Triodos Bank, SNS Bank and the then independent ASN Bank.

The report assesses whether transparency about lobbying activities compared to how it was following the publication of the 2013 SOMO report on bank lobbying, and whether conditions still prevail for a repeat of regulatory capture.

Photo: Karen Paalman

 

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