Financial Regulatory Governance in South Africa: The Move Towards Twin Peaks
by Dr. Andrew D. Schmulow
African Journal of International and Comparative Law, Vol. 25, no. 3, 2017, pp: 393-417.
This article examines the implementation of the Twin Peaks model of financial system regulation in South Africa, the purpose of which is to create a financial system stability regulator, and a financial system consumer protection and market conduct regulator. It examines the historical development of Twin Peaks and its regulatory enforcement principles. It then analyses the similarities and differences between Twin Peaks in Australia (upon which the South African reforms are based) and South Africa. Finally the article provides concluding observations.
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Also published in SSRN Journal and as a working paper in “University of Western Australia – Faculty of Law Research Paper Series“.