A periodic evaluation of the performance of Statutory Regulatory Authorities (SRAs) is necessary to ascertain the quality of their governance arrangements, and the processes and procedures they use in the execution of statutory functions. Primarily, such evaluations allow the regulator to improve institutional capabilities and showcase their efforts in building professional competence and an enabling regulatory environment. This is a first-of-a-kind study, which has been commissioned to evaluate performance of IBBI since its inception.