The Accountability of Financial Sector Supervisors: Principles and Practice
- Topics:
- Commercial Banking
- Source:
- International Monetary Fund
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Overview: 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.
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Format: PDF | Size: 494KB | Date: Mar 2005 | Pages: 52
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