The complex world of regulators
Independent and continued evaluation of statutory regulatory agencies is necessary and important for feedback to regulators and Parliament
In many countries, statutory regulatory authorities (SRAs) are now an important organisational mechanism for the state. The departure from the separation of legislative, executive, and adjudicatory branches, by concentrating them into one agency (the SRA), is an important change from the traditional working of government. While SRAs have added value in many respects, they also face questions of accountability and excessive concentration of power.
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First Published: Mon, June 20 2022. 23:10 IST