Revolving doors, accountability and transparency - emerging regulatory concerns and policy solutions in the financial crisis

D. Miller, William Dinan

    Research output: Contribution to conferencePaper

    64 Downloads (Pure)

    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.
    Original languageEnglish
    Publication statusUnpublished - 4 May 2009
    EventDutch National Integrity Office organized Global Forum on Public Governance - Paris
    Duration: 4 May 20095 May 2009

    Conference

    ConferenceDutch National Integrity Office organized Global Forum on Public Governance
    CityParis
    Period4/05/095/05/09

    Fingerprint

    Financial crisis
    Transparency
    Accountability
    Industry
    Firm objectives
    Banking
    Regulatory capture
    Conflict of interest
    Profit

    Keywords

    • regulatory capture
    • public governance
    • data integrity

    Cite this

    Miller, D., & Dinan, W. (2009). Revolving doors, accountability and transparency - emerging regulatory concerns and policy solutions in the financial crisis. Paper presented at Dutch National Integrity Office organized Global Forum on Public Governance, Paris, .
    Miller, D. ; Dinan, William. / Revolving doors, accountability and transparency - emerging regulatory concerns and policy solutions in the financial crisis. Paper presented at Dutch National Integrity Office organized Global Forum on Public Governance, Paris, .
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    Miller, D & Dinan, W 2009, 'Revolving doors, accountability and transparency - emerging regulatory concerns and policy solutions in the financial crisis' Paper presented at Dutch National Integrity Office organized Global Forum on Public Governance, Paris, 4/05/09 - 5/05/09, .

    Revolving doors, accountability and transparency - emerging regulatory concerns and policy solutions in the financial crisis. / Miller, D.; Dinan, William.

    2009. Paper presented at Dutch National Integrity Office organized Global Forum on Public Governance, Paris, .

    Research output: Contribution to conferencePaper

    TY - CONF

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    AU - Miller, D.

    AU - Dinan, William

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    AB - 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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    KW - public governance

    KW - data integrity

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    M3 - Paper

    ER -

    Miller D, Dinan W. Revolving doors, accountability and transparency - emerging regulatory concerns and policy solutions in the financial crisis. 2009. Paper presented at Dutch National Integrity Office organized Global Forum on Public Governance, Paris, .