Twin Peaks approach
n.— «It was influenced by what is known in regulatory circles as the Twin Peaks approach, used in Australia and the Netherlands. The idea is to create two financial regulators that are given separate responsibilities not based on financial firms’ lines of business. Currently, we have separate regulators for securities, futures, banks, and insurance.» —“First, Fire the Regulators” by Jesse Eisinger Portfolio Jan. 8, 2009. (source: Double-Tongued Dictionary)
Further reading
Penny in Savannah, Georgia, recalls that her father, a Navy veteran who served in the South Pacific, would say of someone who was clueless or didn’t know what he was talking about: That person doesn’t know if he’s punched, bored...
In Australia to chuck a sickie, means “to call in sick to work, especially when you’re not ill.” This is part of a complete episode.
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