Conlon, Thomas and Huan, Xing (2019) Scaling the twin peaks : systemic risk and dual regulation. Economics Letters, 178 . pp. 98-101. doi:10.1016/j.econlet.2019.02.021

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Abstract

In April 2013, the UK implemented a dual-regulation approach to financial services often referred to as twin peaks. In this paper, we assess the impact of the introduction of twin peaks regulation on the systemic risk contributions of UK financial institutions. Using a matched sample of single- and dual-regulated financial institutions, we provide evidence that twin peaks regulation resulted in a relative reduction in systemic risk for dual-regulated firms.

Item Type:	Journal Article
Subjects:	H Social Sciences > HG Finance
Divisions:	Faculty of Social Sciences > Warwick Business School > Accounting Faculty of Social Sciences > Warwick Business School
Library of Congress Subject Headings (LCSH):	Financial services industry -- Great Britain
Journal or Publication Title:	Economics Letters
Publisher:	Elsevier
ISSN:	0165-1765
Official Date:	May 2019
Dates:	Date Event May 2019 Published 5 March 2019 Available 22 February 2019 Accepted 25 December 2018 Submitted
Volume:	178
Page Range:	pp. 98-101
DOI:	10.1016/j.econlet.2019.02.021
Status:	Peer Reviewed
Publication Status:	Published
Access rights to Published version:	Restricted or Subscription Access
RIOXX Funder/Project Grant:	Project/Grant ID RIOXX Funder Name Funder ID 16/SPP/3347 Science Foundation Ireland http://dx.doi.org/10.13039/501100001602 13/RC/2106 Science Foundation Ireland http://dx.doi.org/10.13039/501100001602 17/SP/5447 Science Foundation Ireland http://dx.doi.org/10.13039/501100001602

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