The chapter is an examination of the development in the French context of Public-Private Partnerships where the most striking fact in this system of actors is undoubtedly the role played by agents from the finance world, in particular banking. It argues that, discreetly but surely, in practice the banks dominate the PPP process. Their structural position helps them define and set the rules.
PENALVA-ICHER, E., RICHARD, C., JENY, A. and LAZEGA, E. (2012). How Financial Activities Shape and Transform the World - Banks as Masters of Debt, Cost Calculators and Risk-Sharing Mediators: A Discreet Regulatory Role Observed in French Public-Private Partnerships. In: Finance: The Discreet Regulator - How Financial Activities Shape and Transform the World. 1st ed. Palgrave Macmillan, pp. 113-133.