
Twin peaks
Global trend is towards ‘twin peaks’ financial supervision: 1 prudential supervisor for capital/ risk controls, another for markets/ business conduct. This model from Australia & Holland adopted by UK, New Zealand & South Africa. But others eg. Germany, Sweden, Poland have chosen the single supervisory model for banking, insurance & pensions. Double trouble?
Guessed the Word? Series 41 (9/9) [pic: digital341]