First, the political leadership has a short-term horizon, and financial markets also have a short-term horizon. This creates a natural tendency for their priorities to converge. Available evidence shows that financial contributions to political activity from the financial sector in many affected countries increased significantly in recent years.
Moreover, large global financial conglomerates seem to be in a position to influence not only political governance but also corporate governance, to suit their own interests. Second, regulators, as part of their public consultation process, often depend on the regulated for consultation, which is a feature common in most industries.