FSA chief hails new twin peaks approach to regulation


Hector Sants, the chief executive of the Financial Services Authority (FSA) and a deputy governor at the Bank of England, on February 6 said the introduction of a new twin peaks approach to regulation would significantly change the behaviour of supervisors in assessing risks to individual firms in the UK.

In a speech to the British Bankers' Association, in London, Sants hailed the introduction of a ‘twin peaks' model operating within the FSA from April 2, 2012 as a major milestone in the regulat

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