Book contents
- The Cambridge Handbook of Twin Peaks Financial Regulation
- The Cambridge Handbook of Twin Peaks Financial Regulation
- Copyright page
- Contents
- Figures
- Tables
- Contributors
- Foreword
- Acknowledgements
- 1 Introduction
- Part I Surveying the Terrain
- Part II The Trek towards Twin Peaks
- Part III Different Topographies
- Part IV Seismic Activity and Fault Lines
1 - Introduction
The Genealogy and Topography of Twin Peaks
Published online by Cambridge University Press: 24 June 2021
- The Cambridge Handbook of Twin Peaks Financial Regulation
- The Cambridge Handbook of Twin Peaks Financial Regulation
- Copyright page
- Contents
- Figures
- Tables
- Contributors
- Foreword
- Acknowledgements
- 1 Introduction
- Part I Surveying the Terrain
- Part II The Trek towards Twin Peaks
- Part III Different Topographies
- Part IV Seismic Activity and Fault Lines
Summary
Over the past two decades, an increasing number of jurisdictions have moved towards a model – or family – of financial regulation that is known as Twin Peaks. This model was pioneered in Australia following recommendations by the Wallis Inquiry, which was established in 1996 to review the financial system.The model separates financial regulation into two broad functions: market conduct regulation (which includes consumer protection) and prudential regulation. Each of these functions is vested in a separate ‘peak’ regulator. The Twin Peaks model has subsequently been adopted by the Netherlands, Belgium, New Zealand, the United Kingdom and South Africa. The model has also been considered in the United States. This chapter outlines the design of the Twin Peaks model and the following chapters in the book.
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- Publisher: Cambridge University PressPrint publication year: 2021
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