The Fear of Freedom: Politicians and the Independence and Accountability of Financial Sector Supervisors

The Fear of Freedom: Politicians and the Independence and Accountability of Financial Sector Supervisors

The Fear of Freedom: Politicians and the Independence and Accountability of Financial Sector Supervisors

Compared with the case of central bank independence, independence for financial sector supervisors remains more controversial. This paper analyzes changes in independence and accountability arrangements in a set of 32 countries that overhauled their legal and/or institutional frameworks for supervision in recent years.

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