TY - BOOK ID - 84656381 TI - Should Financial Regulators Be Independent? PY - 2004 SN - 1455240834 145271908X PB - Washington, District of Colombia : International Monetary Fund, DB - UniCat KW - Financial risk management. UR - https://www.unicat.be/uniCat?func=search&query=sysid:84656381 AB - In nearly every major financial crisis of the past decade-from East Asia to Russia, Turkey, and Latin America-political interference in financial sector regulation helped make a bad situation worse. Political pressures not only weakened financial regulation, but also hindered regulators and supervisors from taking action against troubled banks. This paper investigates why, to fulfill their mandate to preserve financial sector stability, financial sector regulators and supervisors need to be independent-from the financial services industry as well as from the government-as well as accountable. ER -