Book contents
- The Cambridge Handbook of Twin Peaks Financial Regulation
- The Cambridge Handbook of Twin Peaks Financial Regulation
- Copyright page
- Contents
- Figures
- Tables
- Contributors
- Foreword
- Acknowledgements
- 1 Introduction
- Part I Surveying the Terrain
- Part II The Trek towards Twin Peaks
- 5 Twin Peaks in Australia
- 6 Twin Peaks Financial Regulation in New Zealand
- 7 Identifying Lessons and Best Practices for the Twin Peaks Model
- 8 Twin Peaks in South Africa
- 9 The Role of the SARB as Central Bank in the South African Twin Peaks Model
- Part III Different Topographies
- Part IV Seismic Activity and Fault Lines
6 - Twin Peaks Financial Regulation in New Zealand
from Part II - The Trek towards Twin Peaks
Published online by Cambridge University Press: 24 June 2021
- The Cambridge Handbook of Twin Peaks Financial Regulation
- The Cambridge Handbook of Twin Peaks Financial Regulation
- Copyright page
- Contents
- Figures
- Tables
- Contributors
- Foreword
- Acknowledgements
- 1 Introduction
- Part I Surveying the Terrain
- Part II The Trek towards Twin Peaks
- 5 Twin Peaks in Australia
- 6 Twin Peaks Financial Regulation in New Zealand
- 7 Identifying Lessons and Best Practices for the Twin Peaks Model
- 8 Twin Peaks in South Africa
- 9 The Role of the SARB as Central Bank in the South African Twin Peaks Model
- Part III Different Topographies
- Part IV Seismic Activity and Fault Lines
Summary
New Zealand’s response to the Global Financial Crisis was to accelerate the introduction of wide-ranging legislative reform based on the Twin Peaks model of financial regulation. Ten years on from the GFC, it is timely to consider this reform. This chapter examines how Twin Peaks has been implemented in New Zealand, whether regulatory vulnerabilities remain and how matters such as regulatory overlap and coordination between regulators are dealt with. In addition, because New Zealand and Australia have a unique interdependence that impacts on regulation, this chapter further looks at mechanisms for cooperation between the two jurisdictions.
- Type
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- Information
- The Cambridge Handbook of Twin Peaks Financial Regulation , pp. 93 - 114Publisher: Cambridge University PressPrint publication year: 2021