Barrett, Sean, Corbet, Shaen ORCID: 0000-0001-7430-7417 and Larkin, Charles ORCID: 0000-0002-0352-2504 (2019) Public accountability and parliamentary scrutiny in finance. European Journal of Risk Regulation, 11 (1). pp. 94-108. ISSN 1867-299X
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
to obtain, if not impossible. 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 faced with profound
difficulties. Such accountability is of paramount importance to provide sustainable public
trust in parliament.
Metadata
Item Type: | Article (Published) |
---|---|
Refereed: | Yes |
Uncontrolled Keywords: | Public Accountability; Financial Crisis; Banking Crisis; Public Inquiry |
Subjects: | Business > Finance |
DCU Faculties and Centres: | DCU Faculties and Schools > DCU Business School |
Publisher: | Cambridge University Press |
Official URL: | http://dx.doi.org/10.1017/err.2019.62 |
Copyright Information: | © 2019 Cambridge University Press. CC BY-NC-ND |
ID Code: | 25050 |
Deposited On: | 01 Oct 2020 11:50 by Thomas Murtagh . Last Modified 01 Oct 2020 11:50 |
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