Note: The key Australian banking regulators under Australian ‘twin peaks’ model are Australian Securities and Investments Commission (ASIC), Australian Prudential Regulation Authority (APRA) and Reserve Bank of Australia (RBA). WORD COUNT: Maximum 2000 words READ THIS: Please only provide advantages and disadvantages from the POINT OF VIEW OF THE BANK. Do not provide an overview of the ‘twin peaks’ model as I have already done this. Include examples in your answer of how APRA, ASIC and RBA interact well or badly with banks.