IMF Staff Country Reports

Kingdom of the Netherlands-Netherlands: Publication of Financial Sector Assessment Program Documentation: Technical Note on Financial Sector Supervision: The Twin Peaks Model

Publication Date:

July 25, 2011

Electronic Access:

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Summary:

The global financial crisis has tested the effectiveness of supervision under the “Twin Peaks” model. The crisis revealed the strengths of the “Twin International Peaks” model, as decisions were able to be made in a timely manner to contain the crisis, and clear divisions of powers and responsibilities were instrumental in ensuring effective coordination between key agencies. However, the crisis also exposed certain areas where improvements could strengthen the “Twin Peaks” framework. Intensive and well-focused efforts are being made to strengthen the supervisory framework.

Series:

Country Report No. 2011/208

Subject:

Banking Financial crises Financial institutions Financial regulation and supervision Financial sector policy and analysis Financial sector stability Insurance companies Systemic risk

Frequency:

Biannually