Justin Pugsley

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Financial Stability
October 19, 2022

FCA hiring crypto experts, but UK still lagging behind others on new rules

Some 15 crypto experts are being sought by the UK’s Financial Conduct Authority (FCA) to bolster its fledgling wholesale crypto...
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Governance & Reporting
October 19, 2022

Traditional risk management approaches can contain digital asset risks

The report, called “Managing the digital assets environment: Key considerations for traditional finance firms, crypto natives and policymakers”, argues that...
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Markets
October 19, 2022

DSB welcomes EU move to make UPIs law

According to the EU’s Official Journal, the use of the Unique Product Identifier (UPI) is to be embedded into the...
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Markets
October 19, 2022

Six largest US banks to participate in pilot climate stress test

In 2023, six of the largest US banks are to participate in a pilot climate stress test lasting for about...
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Governance & Reporting
October 19, 2022

SEC modernises securities swaps related reporting requirements

On October 12, the agency said that it had voted to adopt amendments to modernise swaps related electronic reporting to...
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Digital & Resilience
October 19, 2022

SEC reopens consultations following technical glitch

Due to a technical glitch, the Securities and Exchange Commission (SEC) said it had not received comments for some consultations...
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Markets
October 18, 2022

Finance Watch calls for higher capital requirements as EU banks hold $239bn in fossil fuel exposures

Large EU banks hold $239bn in fossil fuel exposures according to the non-government organisation (NGO) Finance Watch, which is warning...
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Markets
October 18, 2022

DeFi stands out as crypto’s biggest regulatory challenge

Decentralised finance is one of the most difficult areas of crypto to regulate and could pose systemic risks if it...
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Governance & Reporting
September 29, 2022

Record-keeping failures land financial firms with $1.8bn fines

The Securities and Exchange Commission (SEC) levied $1.1bn in fines on 15 broker-dealers and one affiliated investment adviser. Separately, the...
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Financial Stability
September 29, 2022

UK’s renewed dash for financial regulatory reforms risks stalling

The UK's previous government, headed by prime minister Boris Johnson, set the stage to make the City of London more...
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Markets
September 27, 2022

Exchanges deepen their focus on ESG matters

Significant advances have been made in the depth and scope of environmental, social and corporate governance (ESG) by exchanges and...
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