"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 and 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.
Although independent agencies share many characteristics, there are notable differences. Some
federal financial regulators are relatively more independent in some areas but relatively less so in
others..."
Financial regulations
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