Justin Pugsley

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Markets
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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Financial Stability
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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Risk Management
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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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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Markets
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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Prudential
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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Risk Management
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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Financial Stability
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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Financial Stability
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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Markets
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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Financial Stability
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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