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
A Nevada listener says her mother used to ask her to collect the pearls after a meal, meaning “gather up all the unused dishes and utensils that didn’t need to be washed.” In Australian slang, such an item is often called a sunbeam. This is part of...
The expression to turn on a dime means “to change quickly.” Early on the phrase referred to horses or horse-drawn vehicles and later to motorized ones, and suggested the idea of changing direction quickly and easily without needing a large turning...