Justin Pugsley
August 11, 2021
EU banks withstand severe stress tests
As in the previous exercise, the main drain on capital would be credit losses and longer term, significant decreases in...
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August 11, 2021
UK's new SPAC rules kick-off but some concerned it's too late
According to financial software firm Datasite, SPACs raised $75bn in 2020, more than double the amount raised over the past...
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July 6, 2021
Digitisation to foster radical new bank business models and growing range of risks
This transformation gives rise to greater risks around reputation, data loss, cyber breaches, customer harm and institutional resilience in an...
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July 6, 2021
Basel framework was not fully tested by Covid-19 pandemic
“Covid-19 serves as a reminder of the importance of having a resilient banking system underpinned by global and prudent standards,”...
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July 5, 2021
US banks show their mettle during stress tests
"Over the past year, the Federal Reserve has run three stress tests with several different hypothetical recessions and all have...
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July 2, 2021
UK looks to rest of world with dim prospect of winning EU equivalence
“As I said in parliament in November, our ambition had been to reach a comprehensive set of mutual decisions on...
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July 2, 2021
Will MiCA support the EU’s crypto revolution?
The markets in crypto-assets (MiCA) regulation is a bold move, which could support a wave of European innovation that has...
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July 1, 2021
CFTC clarifies the use of internal models for calculating initial margin
Certain swap dealers using internal models to calculate minimum capital requirements do not need to register them with the Commodity...
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July 1, 2021
BIS lauds CBDCs while dismissing cryptocurrencies and stablecoins
Central bank digital currencies (CBDCs) preserve the core functions of money in the digital era, said the Bank for International...
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July 1, 2021
UK inks financial services partnership with Singapore to help maintain City’s dominance
On June 30, the UK and Singapore announced a new partnership to facilitate dialogue and co-operation on financial services as...
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July 1, 2021
European banks face stigma abroad if EU does not faithfully implement Basel III
“It is important that we avoid a race to the bottom, it is important that we have a level playing...
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