Accountability Arrangements for Financial Sector Regulators [electronic resource] / Michael Taylor.
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TextSeries: Economic Issues; Economic Issues ; No. 39Publication details: Washington, D.C. : International Monetary Fund, 2007Description: 1 online resource (25 p.)ISBN: 1589065239 :ISSN: 1020-8380Subject(s): Financial Institutions | Financial Sector | Financial Services | Financial Stability | Financial System | Supervisory AgenciesAdditional physical formats: Print Version:: Accountability Arrangements for Financial Sector RegulatorsOnline resources: IMF e-Library | IMF Book Store Abstract: 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.
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.
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