National Bank of Belgium's Rudi Bonte on his first year of twin-peaks regulation

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Rudi Bonte at the National Bank of Belgium

In the UK, the forthcoming reorganisation of the Financial Services Authority has led to much discussion about how effective the new so-called twin peaks approach will be. In Belgium, a similar split has already taken place, and is now one year into its transition. The former Banking, Finance and Insurance Commission (CBFA) has been renamed the Financial Services and Market Authority (FSMA). It now focuses on the supervision of the financial market and financial services, and the conduct of busi

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