Kingdom of the Netherlands-Netherlands: Publication of Financial Sector Assessment Program Documentation: Technical Note on Financial Sector Supervision: The Twin Peaks Model
IMF Staff Country Reports, July 25, 2011
Source details
- Canonical URL
- Kingdom of the Netherlands-Netherlands: Publication of Financial Sector Assessment Program Documentation: Technical Note on Financial Sector Supervision: The Twin Peaks Model
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Bibliographic details
- Published: July 25, 2011
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781462322398.002
Summary
- The global financial crisis tested the effectiveness of supervision under the “Twin Peaks” model.
- The crisis revealed strengths of the “Twin International Peaks” model: timely decision-making to contain the crisis and clear divisions of powers and responsibilities that supported effective coordination between key agencies.
- The crisis also exposed areas where improvements could strengthen the “Twin Peaks” framework.
- Intensive and well-focused efforts are being made to strengthen the supervisory framework.
- Publication date: July 25, 2011.
- Pages: 15.
Key findings and themes
- Strengths:
- Timely decision-making during the crisis under the “Twin International Peaks” model.
- Clear divisions of powers and responsibilities that aided coordination between key agencies.
- Weaknesses / areas for improvement:
- The crisis exposed certain areas where the “Twin Peaks” framework could be strengthened.
- Ongoing action:
- Intensive and well-focused efforts are underway to strengthen the supervisory framework.
Subject coverage and keywords
- Subjects: Banking, Financial crises, Financial institutions, Financial regulation and supervision, Financial sector policy and analysis, Financial sector stability, Insurance companies, Systemic risk.
- Keywords: AFM, AFM coordination, bank, conduct-of-business supervision, CR, credibility of DNB, DNB, DNB's market, DNB's role, financial product, Financial sector stability, Global, Insurance companies, ISCR, prudential supervision, rule-making authority, Systemic risk.