Accountability Arrangements for Financial Sector Regulators

Accountability Arrangements for Financial Sector Regulators

Author/Editor:

Eva H. G. Hüpkes
;
Michael W Taylor
;
Marc G Quintyn

Publication Date:

March 14, 2006

Electronic Access:

Free Download.

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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.

Series:

Economic Issues No. 2006/003

Subject:

Bank supervision
Banking
Financial regulation and supervision
Financial sector policy and analysis
Financial sector stability
Financial services
Financial stability assessment

Notes:

Also available in Arabic, Chinese, French, Russian, and Spanish.