%T Regulatory Independence - It's not just about institutions
%A Gordon Menzies



%I Centre for International Finance and Regulation
%D 2015

%K Monitoring and evaluation, %K Regulation, %K Banks and banking, %K Finance, %K Financial crises


%R 10.4225/50/583e292536c59
%U https://apo.org.au/node/66665

%X Financial regulators perform inter alia a quality control function, as they search for recession-generating flaws in the financial system. Some groupings of regulations operate more or less independently to other groupings, as is the case when different agents – not necessarily different institutions – examining the same regulatory issues or monitor the same behaviours independently. We refer to these clusters as Independent Dimensions of Regulation (IDRs). They may appear inefficient if the same issue is explored repeatedly.
%9 Working paper