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The Twin Peaks regulatory model: A roadmap

Twin Peaks: A Roadmap

In 2007 the National Treasury launched a formal review of the financial regulatory system. The scope of this review was expanded in 2008 after the financial crisis and resulted in the proposal of a Twin Peaks regulatory model.

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In 2007 the National Treasury launched a formal review of the financial regulatory system. The scope of this review was expanded in 2008 after the financial crisis and resulted in the proposal of a Twin Peaks regulatory model.

This model of regulation proposes the establishment of a Prudential Authority which will be responsible for supervising the safety and soundness of banks, insurance companies and other financial institutions, while the Financial Sector Conduct Authority will oversee financial services firms’ business conduct and treatment of customers.

The Financial Sector Regulation (FSR) Bill gives effect to these reforms and has been tabled in Parliament.

Twin Peaks, v 4

Document

The roadmap document provides an overview of the move to the Twin Peaks model.

Download roadmap >> 

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