United Kingdom


  • Service: Advisory, Risk Consulting
  • Industry: Financial Services
  • Type: Business and industry issue, Regulatory update
  • Date: 19/10/2012

Twin Peaks Regulation: Key Changes and Challenges 

This new document summarises the key opportunities and challenges for financial sector firms arising from the new ‘twin peaks’ regulatory approach of the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) following announcements on 15th and 16th October 2012.
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On 15 and 16 October 2012, the FSA released publications outlining the approach to be taken by two new bodies, the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA), in regulating the UK financial services industry. The introduction of a ‘twin peaks’ model is a major milestone for the regulatory reform Programme and is the first step in changing the UK regulatory structure in 2013.


This new document from KPMG summarises the key challenges, and opportunities, that firms need to consider following the FSA release.


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