Public Accountability and Parliamentary Scrutiny in Finance

Sean Barrett, Shaen Corbet, Charles Larkin

Research output: Contribution to journalArticle

Abstract

The purpose of parliament is to present a discussion of policy in a fashion that will bring about a consensus that results in collective action. Such a collective action serves the common good of the state, although second-order effects and Pareto optimality is difficult-if not impossible-to obtain. Parliament attempts to address the second-best world in a socially optimal fashion. As such, accountability and scrutiny are the key tools through which such a body can address the challenges faced by a financial sector confronted with profound difficulties. Such accountability is of paramount importance to provide sustainable public trust in parliament.

Original languageEnglish
Pages (from-to)94-108
Number of pages15
JournalEuropean Journal of Risk Regulation
Volume11
Issue number1
Early online date2 Dec 2019
DOIs
Publication statusPublished - 1 Mar 2020

ASJC Scopus subject areas

  • Safety Research
  • Law

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