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The phrase "answerable to the regulator" is correct and usable in written English.
It can be used in contexts where an individual or organization is required to report to or be accountable to a regulatory authority.
Example: "All financial institutions must ensure they are answerable to the regulator to maintain compliance with industry standards."
Alternatives: "accountable to the regulator" or "responsible to the regulator".
Exact(1)
RBS would be answerable to the regulator until the Dutch and other watchdogs were comfortable with the consortium members taking over their shares of the business.
Similar(59)
Railtrack chief executive Gerald Corbett told The Observer that the public now comes before the shareholders - which doubles as a belated admission that he is answerable to the public, the Government and the regulator and a cryptic message to Macdonald: if you want a posher, safer railway - pay up.
Regulators would be answerable to the government under "management contracts", exposing them to political whims.
The governor is, in theory, answerable to the court of the Bank of England.
"They are answerable to the Parliament".
Morsi's answerable to the Brotherhood, but they are not answerable to us".
Mr Sarkozy is answerable to the law as others.
Donors must also be answerable to the people they claim to help.
But does it make sense for religion to be answerable to the state?
The Brazilian state was not born answerable to the bulk of its citizens.
It called for limited government, hemmed in by rules and always answerable to the people.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com