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Twin Peaks approach

Twin Peaks approach
 n.— «It was influenced by what is known in regulatory circles as the Twin Peaks approach, used in Australia and the Netherlands. The idea is to create two financial regulators that are given separate responsibilities not based on financial firms’ lines of business. Currently, we have separate regulators for securities, futures, banks, and insurance.» —“First, Fire the Regulators” by Jesse Eisinger Portfolio Jan. 8, 2009. (source: Double-Tongued Dictionary)

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