Independent regulatory agencisies, within in the framework of principal agent theory: The case of Banking Regulation and Supervision Agency

The aim of the study is; to explain and indicate applicability of the theory which can not find too much place in our social sciences literature. Essentially, when there are two actors -one acting in behalf of the other as agent- the theory can be applied to any relationship. For this reason, the theory capable of applicability to all areas of social life.As well as to express the principal agent theory as a conceptual, to show exactly what these concepts mean, the theory has arisen to implement. In this context, the chosen subject, the Banking Regulation and Supervision Agency is examined in terms of fundamental assumptions of the theory.In the study concluded that; the Banking Regulation and Supervision Agency has fullfilled the requirements of the role, played by both as principal and agent, in terms of agency theory. However, the main conclusion is the principal agent theory, a topic that requires new studies on the functional and the emergence of that in terms of social sciences.Key Words1. Principal/Agent Theory2. Principal3. Agent4. İnformation Asymmetry5. Banking Regulation and Supervision Agency