The Cambridge handbook of Twin Peaks financial regulation / edited by Andrew Godwin, Andrew Schmulow.

Format:

Book

Contributor:

Godwin, Andrew, editor.

Schmulow, Andrew, 1970- editor.

Language:

English

Subjects (All):

International finance--Law and legislation.

International finance.

Banks and banking, International--Law and legislation.

Banks and banking, International.

Financial institutions, International--Law and legislation.

Financial institutions, International.

Physical Description:

1 online resource (xxi, 363 pages) : digital, PDF file(s)

Place of Publication:

Cambridge, United Kingdom ; New York, NY : Cambridge University Press, 2021.

System Details:

text file

PDF

Summary:

First proposed in 1994, the Twin Peaks model of financial system regulation employs two specialist peak regulators: one charged with the maintenance of financial system stability, and the other with market conduct and consumer protection. This volume, with contributions from over thirty scholars and senior regulators, provides an in-depth analysis of the similarities and differences in the Twin Peaks regimes that have been adopted around the world. Chapters examine the strengths and weaknesses of the model, provide lessons from Australia (the first to adopt the model), and offer a comparative look at the potential suitability of the model in leading non-Twin Peaks jurisdictions. A key resource for central bankers, public policy analysts, lawyers, economists, politicians, academics and students, this work provides readers with a comprehensive understanding of the Twin Peaks model, and a roadmap for countries considering its adoption.

Contents:

Introduction : the genealogy and topography of Twin Peaks / Andrew Godwin and Andrew Schmulow

The three episodes of Twin Peaks / Michael W. Taylor

Reflections on 20 years of regulation under Twin Peaks / Jeffrey Carmichael

Twin Peaks and central banks : economics, political economy and comparative analysis / Donato Masciandaro and Davide Romelli

Twin Peaks in Australia : the never ending trek? / Andrew Godwin, Ian Ramsay and Andrew D. Schmulow

Twin Peaks financial regulation in New Zealand / Helen Dervan and Simon Jensen

Identifying lessons and best practices for the Twin Peaks model / Marco van Hengel, Olaf Sleijpen and Femke de Vries

Twin Peaks in South Africa / Roy Havemann

The role of the SARB as central bank in the South African Twin Peaks model / Corlia van Heerden and Gerda van Niekerk

Can the Twin Peaks model of financial regulation serve as a model for Israel? / Ruth Plato-Shinar

Towards a Twin Peaks regulatory architecture for Hong Kong? / Douglas W. Arner, Evan Gibson and Janos Barberis

Regulatory structure and the revolving door phenomenon in South Korea : evidence from the 2011 savings bank crisis / Youkyung Huh and Hongjoo Jung

China : considering elements of Twin Peaks to upgrade its financial regulation / Li Guo and Jessica Cheung

Financial regulatory structure in China : challenges and transitioning to Twin Peaks / Robin Hui Huang

U. S. financial regulatory structure : beneath the surface of Twin Peaks / Heidi Mandanis Schooner

A 'Twin Peaks' vision for Europe / Dirk Schoenmaker and Nicolas Veron

A complex European financial architecture : ten years on / Karel Lannoo

Twin Peaks and boiling frogs : consumer protection in one or two ponds / Gail Pearson

Twin Peaks : how should macro-cultures be regulated? / Patrick McConnell

Resilience as the organising framework for reform : the dangers of metaphors in financial regulation / Justin O'Brien

Twin Peaks, Macroprudential regulation and systemic financial stability / Andrew Godwin, Steve Kourabas and Ian Ramsay.

Notes:

Title from publisher's bibliographic system (viewed on 24 Jun 2021).

Other Format:

Print version:

ISBN:

9781316890592

Access Restriction:

Restricted for use by site license.