Accountability Arrangements for Financial Sector Regulators

Author: Ms. Eva H. G. Hüpkes, Mr. Michael W Taylor, and Mr. Marc G Quintyn

Volume/Issue: Volume 2006 Issue 003

Publication date: July 2006

ISBN: 9781589065246

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Finance , Business and Financial , EI , RSA , independence , RSAS' mandate , committee , RSA independence , oversight authority , minister of finance , agency independence , prime minister , executive branch , Bank supervision , Financial sector stability , Financial stability assessment , Global

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Summary

Policymakers are often reluctant to grant independence to the agencies that regulate and supervise the financial sector because of the fear that these agencies, with their wide-ranging responsibilities and powers, could become a law unto themselves. This pamphlet describes mechanisms for making regulatory agencies accountable not only to the government but also to the industry they supervise and the public at large, with examples from a range of countries.