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Delegation theory in its broadest sense is the process by which an authority shifts some of its responsibilities onto another entity with the view of achieving the best performance in terms of its stated aims and purposes. It is very common for government agencies to delegate authority to private companies with the necessary expertise in the ...
Central bank independence refers to the degree of autonomy and freedom a central bank has in conducting its monetary policy and managing the financial system.It is a key aspect of modern central banking, and has its roots in the recognition that monetary policy decisions should be based on the best interests of the economy as a whole, rather than being influenced by short-term political ...
Central bank legislation will enshrine specific procedures for selecting and appointing the head of the central bank. Often the minister of finance will appoint the governor in consultation with the central bank's board and its incumbent governor. In addition, the legislation will specify banks governor's term of appointment.
The maxim was first cited by the Supreme Court of the United States in United States v. Sav. Bank, 104 U.S. 728 (1881) in which the case summary reports that one of the litigants argued, "The duty imposed by statute on the commissioner cannot be delegated to a collector. Delegata potestas non potest delegari."
This is a list of political appointments of current officeholders made by the 45th president of the United States, Donald Trump. Links to lists of announced positions from which candidates have withdrawn or appointees who have resigned or have been terminated , as well as lists of appointments to other independent agencies and of holdovers from ...
Landmark developments include the inception of U.S. federal banking supervision with the establishment of the Office of the Comptroller of the Currency in 1862; the creation of the U.S. Federal Deposit Insurance Corporation as the first major deposit guarantee and bank resolution authority in 1934; the creation of the Belgian Banking Commission ...
The Banking Act of 1933 (Pub. L. 73–66, 48 Stat. 162, enacted June 16, 1933) was a statute enacted by the United States Congress that established the Federal Deposit Insurance Corporation (FDIC) and imposed various other banking reforms. [1]
A banking agent in Kenya is a commercial entity that has been contracted by a commercial bank and approved by the Central Bank of Kenya to provide specific services on behalf of the bank. This entity is equipped with the skills necessary to provide basic banking services according to standards set by the Bank.