Latest articles from Justin Pugsley

EU prospectus rules to be simplified

Simplified EU prospectus rules advance towards finalisation

Dodd-Frank reforms having mixed impact on credit availability

Mixed evidence that Dodd-Frank is restraining credit availability, says Government Accountability Office

Associations warn over looming NSFR divergence

Associations voice concerns over differing interpretations of the net stable funding ratio by the US and EU regulators.

Theresa May

Potential hard Brexit sparks passport alternatives search

The UK’s financial services sector is worried over the terms of trade with EU once the country has left the union, and is looking for alternatives to passporting for selling into that market

BCBS

Basel III delay signals growing risk of regulatory divergence

With the finalisation of the Basel III framework having been delayed over output floor levels and with a new administration taking over in the US, speculation is rife over the future shape of the framework.  

Italy’s finance minister defends bank bailouts

The bailout of Italy’s banks draws closer as the government addresses European resolution rules and retail investor law suits

Switzerland to implement Basel liquidity ratios from 2018

Switzerland is to implement the net stable funding ratio from 2018 and consult on the liquidity coverage ratio for small banks

Massad steps down from CFTC, Clayton to head SEC

Timothy Massad has resigned from the Commodity Futures Trading Commission, while Jay Clayton is named to take over at the Securities and Exchange Commission

BIS: sterling flash crash caused by variety of factors

The Bank for International Settlements concludes that the sterling flash crash was due to a variety factors, which have been taken on board for its foreign exchange code of conduct

European banks take different approaches to US fines

Deutsche Bank and Crédit Suisse agree to settle with US Department of Justice over selling toxic mortgage products, while Barclays Bank decides to contest the case