Asia Risk Congress: Twin-peaks regulation back in fashion

The future of global financial regulation will be structured around a dual strategy in which one agency looks at financial stability while another focuses on consumer protection, according to the former head of banking policy at the Hong Kong Monetary Authority (HKMA). Speaking at the Asia Risk Congress yesterday, Michael Taylor, now an adviser to the governor of the Central Bank of Bahrain, claimed this ‘twin-peaks' regulatory strategy was back in fashion, more than a decade after he f

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