Question

In South Africa, the South African Reserve Bank (SARB) is the responsible banking regulatory authority, while the Financial Services Conduct Authority (FSCA) is the responsible market conduct authority. This arrangement is consistent with the "Twin Peaks" regulatory framework adopted in South Africa. However, regulatory practices in different countries vary according to institutional characteristics. In an alternative scenario (alternative to "Twin Peaks"), some countries have single regulators regulating all major segments of the financial sector, banking and insurance. You are required to research and present eight arguments/reasons, each in favour of and against a super (single) regulator. ​

Answer 1

Answer:

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