Feb. 8, 2016 SIGN IN | REGISTER

Banks Get the Cold Shoulder

That effort is all the more difficult because Hill staff are often leery of trusting the same companies that they perceive as causing the financial crisis.

“Certainly more questions are being asked,” Hunt said. “I would not say that there is a sense of mistrust. There is more of a sense of trust but verify.”

With certain issues such as executive compensation, companies are hoping industry trade groups such as SIFMA will lead the charge.

There has also been a shift from chief executive officer involvement on the lobbying to bringing in experts on specific issues to meet with staff.

SIFMA is trying to help lawmakers understand the intricacies of TARP.

“We’ve tried to make sure there is a thorough understanding of what’s being done and how the markets would react to certain structural changes of the programs,” said Scott DeFife, SIFMA’s senior managing director of government affairs.

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