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MEDIA STATEMENT IMPLEMENTING THE TWIN …

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1 MEDIA STATEMENT IMPLEMENTING THE twin PEAKS MODEL OF financial REGULATION ________________________________________ _____________ Invitation for public comments on the draft financial sector Regulation Bill, 2013 The National Treasury invites public comments on the draft financial sector Regulation Bill, 2013. The draft bill is the first in a series of Bills that gives effect to Cabinet s decision to implement a twin -peaks model of financial regulation to make the financial sector safer and serve South Africa better. The Bill follows two policy papers that respond to lessons learnt in the 2008 global financial crisis: A Safer financial sector to Serve South Africa Better released with the 2011 Budget, and a Roadmap for IMPLEMENTING twin Peaks Reforms, released on 1 February 2013 (available on the treasury website).

1 MEDIA STATEMENT IMPLEMENTING THE TWIN PEAKS MODEL OF FINANCIAL REGULATION _____ Invitation for public comments on the draft Financial Sector …

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