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The role of the Prudential Authority in the South African Twin Peaks model
Mini Dissertation (LLM)--Universiity of Pretoria, 2019.
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| Format: | Thesis |
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University of Pretoria
2019
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| _version_ | 1867613542991003648 |
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| access_status_str | Open Access |
| author2 | Van Heerden, C.M. (Corlia) |
| author_browse | Van Heerden, C.M. (Corlia) |
| author_facet | Van Heerden, C.M. (Corlia) |
| collection | Thesis |
| dc_rights_str_mv | © 2019 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. |
| description | Mini Dissertation (LLM)--Universiity of Pretoria, 2019. |
| format | Thesis |
| id | oai:repository.up.ac.za:2263/72714 |
| institution | University of Pretoria (South Africa) |
| last_indexed | 2026-06-10T12:37:48.825Z |
| license_str | Other — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UPSpace — University of Pretoria Institutional Repository |
| publishDate | 2019 |
| publishDateRange | 2019 |
| publishDateSort | 2019 |
| publisher | University of Pretoria |
| publisherStr | University of Pretoria |
| record_format | dspace |
| source_str | UPSpace — University of Pretoria Institutional Repository |
| spelling | oai:repository.up.ac.za:2263/72714 The role of the Prudential Authority in the South African Twin Peaks model Van Heerden, C.M. (Corlia) u12057097@tuks.co.za Xuba, Alude UCTD Mini Dissertation (LLM)--Universiity of Pretoria, 2019. The ability of a country to promote and maintain financial stability depends to a large extent on whether it has an effective and efficient financial regulatory model. It is of great importance that the regulators within such a regulatory model must have clear objectives and mandates. A financial regulatory model that has been hailed as an optimal regulatory model is the Twin Peaks model as designed by Michael Taylor. This model establishes peak regulators namely a systemic and prudential regulator on the one hand and a market conduct regulator on the other who then work together to regulate the financial system in the interests of financial stability. The Twin Peaks model was first pioneered in Australia in 1998 where it has been adapted to contain three peaks, namely the central bank as systemic regulator, APRA as prudential regulator and ASIC as market conduct regulator. South Africa has recently transition to a Twin Peaks model with the introduction of the Financial Sector Regulation Act 19 of 2017. The South African Twin Peaks model, like the Australian model is also a three peak model comprising of the central bank as systemic regulator and the newly established Prudential Authority and Financial Sector Conduct Authority as prudential and market conduct regulators respectively. This dissertation accordingly interrogates the institutional structure of the South African Twin Peaks model with specific focus on the role of the Prudential Authority. It considers the objectives, powers and functions of the Prudential Authority as well as its management structure and location to determine its role as aforesaid. It further compares the role of the South African Prudential Authority with its Australian counterpart to assess whether there are any aspects that require further reform. Mercantile Law LLM Unrestricted 2019-12-13T08:07:46Z 2019-12-13T08:07:46Z 2019/09/05 2019 Mini Dissertation Xuba, A 2019, The role of the Prudential Authority in the South African Twin Peaks model, LLM Mini Dissertation, University of Pretoria, Pretoria, viewed yymmdd <http://hdl.handle.net/2263/72714> S2019 http://hdl.handle.net/2263/72714 © 2019 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. application/pdf University of Pretoria |
| spellingShingle | UCTD The role of the Prudential Authority in the South African Twin Peaks model |
| title | The role of the Prudential Authority in the South African Twin Peaks model |
| title_full | The role of the Prudential Authority in the South African Twin Peaks model |
| title_fullStr | The role of the Prudential Authority in the South African Twin Peaks model |
| title_full_unstemmed | The role of the Prudential Authority in the South African Twin Peaks model |
| title_short | The role of the Prudential Authority in the South African Twin Peaks model |
| title_sort | role of the prudential authority in the south african twin peaks model |
| topic | UCTD |
| url | http://hdl.handle.net/2263/72714 |