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@article{ART002924204},
author={Im, Jae Jin and KIM HYE WON},
title={Tasks of Introducing a Twin-peaks Model for the Financial Supervisory System in South Korea: Implications from the Experience of Australia and Netherlands},
journal={Journal of Regulation Studies},
issn={1738-7132},
year={2022},
volume={31},
number={2},
pages={193-223},
doi={10.22954/ksrs.2022.31.2.006}

TY - JOUR
AU - Im, Jae Jin
AU - KIM HYE WON
TI - Tasks of Introducing a Twin-peaks Model for the Financial Supervisory System in South Korea: Implications from the Experience of Australia and Netherlands
JO - Journal of Regulation Studies
PY - 2022
VL - 31
IS - 2
PB - 한국규제학회
SP - 193
EP - 223
SN - 1738-7132
AB - This study examined the problems of a twin-peaks model experienced in Australia and Netherlands in order to reduce problems following the possible introduction of the model in South Korea. Their experience revealed several problems including those in the relationships between prudential regulator and business-conduct regulator, the independence of regulators, scope of regulatory authorities, regulatory styles, intra-organizational design, and internal integration of regulators. Among these, the problem specific to a twin-peaks model is the relationship between prudential regulator and business-conduct regulator, which requires particular attention in South Korea. In this respect, it is desirable that discussions on the introduction of the model pay special attention to clarifying jurisdiction, facilitating information sharing, and avoiding conflicts between the two regulatory agencies. However, it is worth considering that jurisdictional overlap and conflicts between the regulators, which are merely treated as harm, may be conducive to effective financial supervisory system.
KW - financial supervisory system;twin-peaks model;financial regulatory agency
DO - 10.22954/ksrs.2022.31.2.006
ER -

Im, Jae Jin and KIM HYE WON. (2022). Tasks of Introducing a Twin-peaks Model for the Financial Supervisory System in South Korea: Implications from the Experience of Australia and Netherlands. Journal of Regulation Studies, 31(2), 193-223.

Im, Jae Jin and KIM HYE WON. 2022, "Tasks of Introducing a Twin-peaks Model for the Financial Supervisory System in South Korea: Implications from the Experience of Australia and Netherlands", Journal of Regulation Studies, vol.31, no.2 pp.193-223. Available from: doi:10.22954/ksrs.2022.31.2.006

Im, Jae Jin, KIM HYE WON "Tasks of Introducing a Twin-peaks Model for the Financial Supervisory System in South Korea: Implications from the Experience of Australia and Netherlands" Journal of Regulation Studies 31.2 pp.193-223 (2022) : 193.

Im, Jae Jin, KIM HYE WON. Tasks of Introducing a Twin-peaks Model for the Financial Supervisory System in South Korea: Implications from the Experience of Australia and Netherlands. 2022; 31(2), 193-223. Available from: doi:10.22954/ksrs.2022.31.2.006

Im, Jae Jin and KIM HYE WON. "Tasks of Introducing a Twin-peaks Model for the Financial Supervisory System in South Korea: Implications from the Experience of Australia and Netherlands" Journal of Regulation Studies 31, no.2 (2022) : 193-223.doi: 10.22954/ksrs.2022.31.2.006

Im, Jae Jin; KIM HYE WON. Tasks of Introducing a Twin-peaks Model for the Financial Supervisory System in South Korea: Implications from the Experience of Australia and Netherlands. Journal of Regulation Studies, 31(2), 193-223. doi: 10.22954/ksrs.2022.31.2.006

Im, Jae Jin; KIM HYE WON. Tasks of Introducing a Twin-peaks Model for the Financial Supervisory System in South Korea: Implications from the Experience of Australia and Netherlands. Journal of Regulation Studies. 2022; 31(2) 193-223. doi: 10.22954/ksrs.2022.31.2.006

Im, Jae Jin, KIM HYE WON. Tasks of Introducing a Twin-peaks Model for the Financial Supervisory System in South Korea: Implications from the Experience of Australia and Netherlands. 2022; 31(2), 193-223. Available from: doi:10.22954/ksrs.2022.31.2.006

Im, Jae Jin and KIM HYE WON. "Tasks of Introducing a Twin-peaks Model for the Financial Supervisory System in South Korea: Implications from the Experience of Australia and Netherlands" Journal of Regulation Studies 31, no.2 (2022) : 193-223.doi: 10.22954/ksrs.2022.31.2.006