Accountability Arrangements for Financial Sector Regulators

Accountability Arrangements for Financial Sector Regulators

Author(s):
Marc Quintyn, Eva H. G. Hüpkes, Michael Taylor
Publisher:
INTERNATIONAL MONETARY FUND
Published Date:
March 2006
ISBN:
9781589064775
Pages:
27
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.

Contents:

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