Justin Pugsley

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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Markets
November 16, 2022

FSB warns G20 that co-operation as important now as after global financial crisis

The Financial Stability Board (FSB) warned the G20 in a letter dated November 11 that vulnerabilities in the financial system...
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Markets
November 16, 2022

FSB warns over financial stability risks related to withdrawing economic support measures

When jurisdictions amend or exit economic support measures they should take into account the potential for negative spillovers that could...
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Prudential
November 16, 2022

Fed gears up to ensure banking system can withstand new threats

These new threats include heightened geopolitical tensions, high inflation, economic slowdowns, crypto developments and the Covid-19 pandemic. Mr Barr explained...
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Governance & Reporting
November 16, 2022

CFTC launches two consultations on reporting and substituted compliance

The first covers proposals on reporting and information requirements for derivatives clearing organisations (DCOs). In particular, the CFTC is looking...
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Financial Stability
November 16, 2022

CFTC thanks UK’s FCA for co-operation on investigation

The UK Financial Conduct Authority (FCA) has been praised by the Commodity Futures Trading Commission (CFTC) for helping it in...
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Digital & Resilience
November 1, 2022

FSB consults on cyber incident reporting

Growing geopolitical risks and interconnectedness within the financial system is exposing the industry to greater risks of disruptive cyber events,...
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Digital & Resilience
October 31, 2022

US dollar does not need a CBDC to maintain its global dominance

The role of the US dollar is so dominant and rooted in economic and financial factors that it does not...
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Prudential
October 28, 2022

Reducing liquidity demand key to taming bond market volatility spikes – FSB

In a report published on October 20, the FSB said changes in core government bond markets may have made them...
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Markets
October 27, 2022

UK pensions ‘time-bomb’ sounds global financial stability warning

Severe volatility in the UK’s government bond (gilts) market triggered by the unravelling of a pension fund investment strategy is...
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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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