Revolving doors, accountability and transparency - emerging regulatory concerns and policy solutions in the financial crisis
Miller, D. and Dinan, William (2009) Revolving doors, accountability and transparency - emerging regulatory concerns and policy solutions in the financial crisis. In: Dutch National Integrity Office organized Global Forum on Public Governance, 2009-05-04 - 2009-05-05. (Unpublished)
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Abstract
It is a common phenomenon in all areas of regulation that regulators become captured by the industry they regulate, meaning that they take on the objectives of management in the firms they regulate. They may thereby lose sight of the ultimate objectives of regulation. Regulatory capture is particularly serious in industries such as banking where there is a conflict of interest between the firms‘ objectives (to maximise profits) and the objectives of the regulation.
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Item type: Conference or Workshop Item(Paper) ID code: 26895 Dates: DateEvent4 May 2009PublishedSubjects: Social Sciences > Sociology Department: Faculty of Humanities and Social Sciences (HaSS) > Social Work and Social Policy > Sociology Depositing user: Mr David McMinn Date deposited: 07 Jun 2011 10:11 Last modified: 10 Aug 2024 00:27 Related URLs: URI: https://strathprints.strath.ac.uk/id/eprint/26895