Justin Pugsley

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Risk Management
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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Financial Stability
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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Digital & Resilience
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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Prudential
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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Markets
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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Financial Stability
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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Financial Stability
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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Markets
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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Markets
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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Digital & Resilience
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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Prudential
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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