Creating a Culture of Independence

Why should regulators be independent? How is it possible to reduce the gap between de iure and de facto independence? This OECD guidance addresses this topic by analysing the five dimensions in which the “culture of independence” should spread: role clarity and responsibility, transparency and accountability, financial independence, independence of leadership, and staff behaviour (Maria Bianca Armiento, Rassegna Osservatorio Air, n. 4/2019).