FSA's 'twin peaks' transition model welcomed, but further clarity sought
The Financial Services Authority's decision to create a 'twin peaks' operating model to mirror the upcoming regulator has been hailed as a "chance to get it right for the future".
In a speech to the British Bankers' Association on 6 February, FSA chief executive Hector Sants said the new model will mean that insurers will, from 2 April, have two groups of supervisors, one
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