National Bank of Belgium's Rudi Bonte on his first year of twin-peaks regulation

Rudi Bonte at Belgium’s central bank understands twin peaks supervision, having worked through its implementation there. And as a member of the Basel Committee and the European Banking Authority, he knows what to expect from Basel III and European standards. He shares his insight with ORR

In the UK, the forthcoming reorganisation of the Financial Services Authority has led to much discussion about how effective the new so-called twin peaks approach will be. In Belgium, a similar split has already taken place, and is now one year into its transition. The former Banking, Finance and Insurance Commission (CBFA) has been renamed the Financial Services and Market Authority (FSMA). It now focuses on the supervision of the financial market and financial services, and the conduct of