The hegemony of financial experts and big global banks: A critical analysis of international banking rules

This article provides a critical political economy analysis of global banking regulations formulated by the Basel Committee and the Financial Stability Board. By examining the political bias in rules that appear neutral, elucidating the intellectual leadership exercised by technocratic spaces where these banking regulations are developed, and exploring the legitimacy these spaces and regulations gain among key stakeholders, it argues that the prevailing economic discourse in these regulations, though seemingly apolitical, aligns with the consolidation of a hegemonic structure that favors banks deemed too big to fail.