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September 14, 2006

Why are there so many financial service regulators?

ASIC, APRA, the Reserve Bank and the ASX all have a role in regulating financial service providers. Why are their functions separated?

Deputy ASIC Chair Jeremy Cooper recently analysed the integration of Australia’s financial regulatory authorities in a speech to Brazil’s Stock Exchange.

He explores three main regulatory options; a mega regulator, a lead regulator and a ‘twin peaks’ regulatory model and explains why Australia chose the latter.

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Posted 14th September 2006 by David Jacobson in Financial Services