Twin Peaks Revisited - Centre for Competition Law and Policy
Twin Peaks Revisited - Centre for Competition Law and Policy
Twin Peaks Revisited - Centre for Competition Law and Policy
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<strong>Twin</strong> <strong>Peaks</strong> <strong>Revisited</strong><br />
� FSA looks like a “failed experiment”<br />
� Single regulator was probably never appropriate <strong>for</strong> a<br />
financial system of the size <strong>and</strong> diversity of the UK<br />
� Much more attention to crisis management was<br />
required<br />
� Tide turning back in favour of central bank<br />
involvement in regulation, with <strong>Twin</strong> <strong>Peaks</strong> as<br />
preferred structure (Nier, 2010)
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