Justin Pugsley

Climate
January 23, 2023

Rush to phase out fossil fuels could trigger financial instability

Policy-makers are making a concerted effort to steer the financial sector away from supporting fossil fuel producers, creating opportunities for...
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Blue chains in cyberspace on black
Digital & Resilience, Operational Resilience
January 16, 2023

Banks probe deeper into their supply chains to keep regulators onside

Discussions around operational risk are rippling further down bank supply chains due to regulators taking more interest in resilience as...
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In its third evaluation report on the global crisis financial reforms, the Basel Committee on Banking Supervision said bank resilience has increased with even greater strides seen from firms most impacted by the reforms helping to reduce systemic risk. 
Capital, Prudential
January 4, 2023

Basel Committee finds Basel III has boosted resilience of previously weak banks

The report, published on December 14, is also the Committee’s first holistic evaluation of the impact and efficacy of the...
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Mairead McGuinness
Markets
December 15, 2022

EU’s pragmatic stance on euro clearing likely influenced by Brexit

The European Commission’s proposals on euro clearing seem to have been significantly influenced by Brexit and geopolitical factors, potentially placing...
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Digital & Resilience, Digital Transformation
November 16, 2022

The quantum threat to financial services

Quantum computers could pose an existential threat to the heavily used encryption solutions that underpin the internet, including activities such...
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Digital & Resilience, Digital Transformation
October 27, 2022

Banks turn to increasingly sophisticated technology to fend off hackers

The battle between hackers and banks is very unequal, with the former often able to perform their attacks anonymously at...
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Risk Management
August 17, 2022

Banks still vulnerable to another Archegos-type crisis

Overly generous risk weightings on certain transactions, a lack of data and stress testing loopholes means that some global systemically...
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