In the “twin-peaks” model, there is one authority for prudential supervision and another responsible for market conduct and customer protection. Each of them extends its competence over all sectors of the financial system. The “integrated” model combines the preceding two in a sort of universal authority responsible for both prudential and business conduct regulation/supervision for the entire financial industry.
Rundheersing Bheenick: “On the High Street of High Finance…” Address by Mr Rundheersing Bheenick, Governor of the Bank of Mauritius, at the opening ceremony of the new Bramer Bank Headquarters, Port Louis, 15 November 2013. *  *  *  It is a pleasure to be here this evening for the inauguration of these impressive new premises of Bramer Bank.