The Rise of the Unelected: Democracy and the New Separation of Powers Frank Vibert Unelected bodies, such as independent central banks, economic regulators, risk managers and auditors, have become a worldwide phenomenon. Democracies are increasingly turning to them to demarcate boundaries between the market and the state, to resolve conflicts of interest and to allocate resources, even in sensitive ethical areas such as those involving privacy and biotechnology. This book examines the challenges that unelected bodies present to democracy and argues that, taken together, such bodies should be viewed as a new branch of government with their own sources of legitimacy and held to account through a new separation of powers. Vibert suggests that such bodies help promote a more informed citizenry because they provide a more trustworthy and reliable source of information for decisions. This book will be of interest to specialists and general readers with an interest in modern democracy as well as policy-makers, think tanks and journalists. Frank Vibert is the co-founder and Director of the European Policy Forum in Pall Mall. He is previously worked as a Senior Advisor at the World Bank and as a Senior Fellow at the UNU-WIDER Institute. He writes extensively on regulatory, institutional and constitutional topics and his previous publications include Europe Simple, Europe Strong: The Future of European Governance (2001) and Europe: A Constitution for the Millennium (1995).