Independence of Federal Financial Regulators

"Conventional wisdom regarding regulators is that the structure and design of the organization

matters for policy outcomes. Financial regulators conduct rulemaking and enforcement to

implement law and supervise financial institutions. These agencies have been given certain

characteristics that enhance their day-to-day independence from the President or Congress, which

may make policymaking more technical and less “political” or “partisan,” for better or worse.

Independence may also make regulators less accountable to elected officials and can reduce

congressional influence, at least in the short term.."Federal Financial Regulators