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The Financial Sector Regulation Bill In South Africa, Second Draft: Lessons From Australia
by Dr. Andrew D. Schmulow and Dr. Andrew J. Godwin
South African Law Journal, Vol. 132, no. 4, 2015, pp: 756-768.
This article discusses the Financial Sector Regulation Bill in South Africa, and the manner in which it emulates the Australian Twin Peaks regulatory model. South Africa is the most recent country to adopt this model, and the article examines these reforms by analysing the implications of the jurisdictional location of the Prudential Regulator; how best to achieve effective co-ordination between the regulators; and what substantive powers and functions should be ceded to an interagency co-operative body.
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