The Accountability of Financial Sector Supervisors : Principles and Practice /

Policymakers' uneasiness about granting independence to financial sector regulators stems to a large extent from the lack of familiarity with, and elusiveness of, the concept of accountability. This paper gives operational content to accountability and argues that it is possible to do so in a w...

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Bibliografiska uppgifter
Huvudupphovsman: Taylor, Michael
Övriga upphovsmän: Hupkes, Eva, Quintyn, Marc
Materialtyp: Tidskrift
Språk:English
Publicerad: Washington, D.C. : International Monetary Fund, 2005.
Serie:IMF Working Papers; Working Paper ; No. 2005/051
Länkar:Full text available on IMF
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245 1 4 |a The Accountability of Financial Sector Supervisors :   |b Principles and Practice /  |c Michael Taylor, Marc Quintyn, Eva Hupkes. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2005. 
300 |a 1 online resource (51 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a Policymakers' uneasiness about granting independence to financial sector regulators stems to a large extent from the lack of familiarity with, and elusiveness of, the concept of accountability. This paper gives operational content to accountability and argues that it is possible to do so in a way that encourages and supports agency independence. The paper first elaborates on the role and purposes of accountability. Second, it shows that the unique features of financial sector supervision point to a more complex system of accountability arrangements than, for instance, the conduct of monetary policy. Finally, the paper discusses specific arrangements that can best secure the objectives of accountability and, thus, independence. Our findings have a wider application than financial sector supervision. 
538 |a Mode of access: Internet 
700 1 |a Hupkes, Eva. 
700 1 |a Quintyn, Marc. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2005/051 
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