%T  Twin Peaks: A Theoretical Analysis
%A Andy Schmulow



%I Centre for International Finance and Regulation
%D 2015

%K Finance, %K Twin peaks regulatory regime, %K Financial system regulation


%R 10.4225/50/583d54f871f9b
%U https://apo.org.au/node/67376

%X This paper provides a theoretical analysis of the twin peaks method of financial system regulation, with particular reference to the Australian iteration of the model. This includes a description of how twin peaks functions, its historical development, and its strengths and weaknesses. An analysis is also provided of an important bifurcation in the Australian model, as it as has been emulated elsewhere in the world, namely the jurisdictional location of the bank regulator.
%9 Working paper