Role of Regulatory Bodies in the Banking and Energy Sectors
| Autor: | Miomir Jakšić |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2016 |
| Předmět: |
Economics and Econometrics
Transparency (market) Parliament Strategy and Management media_common.quotation_subject independence Accounting Public administration Good governance public services regulatory bodies ddc:330 institutions E58 Montenegro health care economics and organizations h40 media_common HG1501-3550 business.industry Public sector public sector regulation humanities Banking accountability Accountability good governance e58 business Finance H40 |
| Zdroj: | Journal of Central Banking Theory and Practice, Vol 5, Iss 1, Pp 5-23 (2016) |
| Popis: | The article discusses the status and role of regulatory bodies and the aftermaths of their independence and accountability to the public and the parliament. The author analyses different legal statuses of regulatory bodies in Montenegro and Serbia in the central banking and energy sectors and concludes that it is necessary that national constitutions, as the highest legal acts in each state, prescribe in a separate article that “Regulatory bodies are independent and accountable to Parliament”. Relevant separate legal acts should closely define the procedures for establishing, enforcing, and sanctioning of possible breaching of: 1) independence of regulatory bodies, 2) accountability of regulatory bodies to the parliament, and 3) transparency of their activities. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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