The FSA is to introduce a twin peaks regulatory model for all banks, building societies, insurers and major investment firms in April 2012. The twin peaks model will divide the supervision into two areas: the first will be prudential supervision and the second will focus on conduct.

Whilst these two supervisors will have different objectives, the FSA propose to allow for information sharing to take place between the supervisors to ensure that information is only collated once. It is hoped that this move to a twin peaks style of supervision will create a behavioural shift in that people will adopt a pro-active (rather than reactive) approach to regulation.