Kingdom of the Netherlands-Netherlands : Publication of Financial Sector Assessment Program Documentation: Technical Note on Financial Sector Supervision: The Twin Peaks Model.

The global financial crisis has tested the effectiveness of supervision under the 'Twin Peaks' model. The crisis revealed the strengths of the 'Twin International Peaks' model, as decisions were able to be made in a timely manner to contain the crisis, and clear divisions of powe...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2011.
Series:IMF Staff Country Reports; Country Report ; No. 2011/208
Online Access:Full text available on IMF
Description
Summary:The global financial crisis has tested the effectiveness of supervision under the 'Twin Peaks' model. The crisis revealed the strengths of the 'Twin International Peaks' model, as decisions were able to be made in a timely manner to contain the crisis, and clear divisions of powers and responsibilities were instrumental in ensuring effective coordination between key agencies. However, the crisis also exposed certain areas where improvements could strengthen the 'Twin Peaks' framework. Intensive and well-focused efforts are being made to strengthen the supervisory framework.
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Physical Description:1 online resource (15 pages)
Format:Mode of access: Internet
ISSN:1934-7685
Access:Electronic access restricted to authorized BRAC University faculty, staff and students