Public Accountability and Parliamentary Scrutiny in Finance

The purpose of parliament is to present a discussion policy in fashion that will bring about consensus results collective action. Such action serves the common good state, although second-order effects and Pareto optimality difficult obtain, if not impossible. Parliament attempts address second-best world socially optimal fashion. As such accountability scrutiny are key tools through which body can challenges faced by financial sector with profound difficulties. paramount importance provide sustainable public trust parliament.