Justin Pugsley
January 4, 2023
FSB says RFRs must be anchored in robust markets
With the London interbank offer rate (Libor) being steadily abandoned by the financial system, the Financial Stability Board (FSB) said...
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January 4, 2023
US lenders increasingly concerned about regulatory compliance
The survey, published on December 15, found that 2022 was the second consecutive year where institutions highlighted regulatory compliance as...
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December 15, 2022
UK’s Basel 3.1 implementation likely to see more divergence from EU
The UK sticking relatively close to the Basel framework will nonetheless mean that it will diverge further from the EU,...
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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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December 13, 2022
CIPS could prove to be a long-term threat to US-centric financial system
China’s Cross-Border Interbank Payment System does not pose an immediate threat to the dollar, the US-centric global payment system nor...
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December 2, 2022
FDIC’s Groenberg focused on bank vulnerabilities to potential economic downturn
Speaking to the House Financial Services Committee on November 16, FDIC acting chair Martin Gruenberg said the number of problem...
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December 2, 2022
PRA says Basel '3.1’ will not see material rises in UK bank capital requirements
On November 30, the PRA published a consultation where it stated that its proposals would narrow the output gap between...
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November 29, 2022
FTX failure: can regulators save crypto from itself?
Yang Lan, co-founder of blockchain-based bank Fiat24 and a former UBS banker, is among those calling for banks operating in...
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November 29, 2022
Swaps industry gears up for reporting 2.0 ‘nirvana’
Since the 2007-9 global financial crisis (GFC), regulators have imposed a swathe of reporting requirements on financial firms in a...
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November 29, 2022
UK parliament warned of inadequate NBFI oversight
Too little attention is being paid to non-bank financial institutions as risks have built up in the financial system following...
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November 22, 2022
CSRD to make greenwashing harder in the EU
The directive will make reporting data on sustainability and climate impacts an inherent part of the annual reporting process for...
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