01952cas a2200265 a 4500 AALejournalIMF008766 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451860702 1018-5941 BD-DhAAL BD-DhAAL Taylor, Michael. The Accountability of Financial Sector Supervisors : Principles and Practice / Michael Taylor, Marc Quintyn, Eva Hupkes. Washington, D.C. : International Monetary Fund, 2005. 1 online resource (51 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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. Mode of access: Internet Hupkes, Eva. Quintyn, Marc. IMF Working Papers; Working Paper ; No. 2005/051 Full text available on IMF http://elibrary.imf.org/view/journals/001/2005/051/001.2005.issue-051-en.xml IMF e-Library