All RE5 questions
Regulatory Framework Twin Peaks Regulatory Bodies
South Africa's 'Twin Peaks' model of financial regulation is built around which two principal regulators?
RE5 practice question with a worked answer. This is one of hundreds of FSCA RE5 questions in the RegulatoryExams question bank.
- a) The Prudential Authority (PA) and the Financial Sector Conduct Authority (FSCA).Correct
- b) The South African Reserve Bank and the National Treasury.
- c) The FSCA and the FAIS Ombud.
- d) The FSCA and the Financial Intelligence Centre (FIC).
Why this is the answer
The Financial Sector Regulation Act created two peaks: the Prudential Authority for soundness and the FSCA for market conduct. The other pairings mix in bodies (Treasury, the Ombud, the FIC) that are not the two Twin Peaks regulators.
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