Twin Peaks: Difference between revisions
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== See also == | == See also == | ||
* [[Bank supervision]] | * [[Bank supervision]] | ||
* [[Dual-regulated]] | |||
* [[Dual-regulated firm]] | |||
* [[Financial Conduct Authority]] | * [[Financial Conduct Authority]] | ||
* [[Financial Services Authority]] | * [[Financial Services Authority]] | ||
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== | == Other resources == | ||
[https://www.fca.org.uk/ Financial Conduct Authority home page] | [https://www.fca.org.uk/ Financial Conduct Authority home page] | ||
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[[Category:Accounting,_tax_and_regulation]] | [[Category:Accounting,_tax_and_regulation]] | ||
[[Category:Compliance_and_audit]] | [[Category:Compliance_and_audit]] | ||
[[Category: | [[Category:Financial_products_and_markets]] | ||
[[Category:Identify_and_assess_risks]] | [[Category:Identify_and_assess_risks]] | ||
[[Category:Manage_risks]] | [[Category:Manage_risks]] | ||
[[Category:Risk_reporting]] | |||
[[Category:Risk_frameworks]] | [[Category:Risk_frameworks]] | ||
[[Category: | [[Category:The_business_context]] | ||
Latest revision as of 16:45, 21 June 2024
Bank supervision.
'Twin Peaks' describes an approach to bank supervision which seeks to ensure that both (i) conduct and (ii) prudential regulation are given appropriate weight.
The UK has implemented a Twin Peaks approach by separating the responsibilities of the Financial Conduct Authority (for conduct) and the Prudential Regulation Authority (for ensuring the financial soundness of individual institutions and of the financial system).
Both of these roles were previously undertaken by the former UK Financial Services Authority.
See also
- Bank supervision
- Dual-regulated
- Dual-regulated firm
- Financial Conduct Authority
- Financial Services Authority
- Prudential Regulation Authority
