Review of new Twin Peaks model of financial regulation
Genesis was commissioned by a large South African insurer to provide the business with a review of the unfolding Twin Peaks model of financial regulation, as well as of resulting changes to the country’s overall regulatory architecture.
The outcome of the assessment provided the client with a description of the regulatory processes involved in the implementation of the Twin Peaks model. It also provided a description of the likely scope of Twin Peaks and the division of responsibility among key financial sector regulators. The client was further provided with an indication of the early implications that regulatory restructuring might have on the business and on the long-term insurance industry as a whole.