Latest articles from Justin Pugsley

Swiss banks allowed to use current exposure method for derivatives for another two years

Swiss authorities make various amendments to capital regime reflecting Basel III rules and feedback from banks

EU bank stress tests to incorporate IFRS 9 for the first time

EU bank stress tests to include impact of IFRS 9 accounting standards for the first time and harbour some of severest macro-economic scenarios to date

Tough US stress tests to include five foreign firms for the first time

This year’s US stress tests include some of the toughest macro-economic scenarios so far, including sharp rises in unemployment and big falls in asset prices, and five foreign firms with significant US operations are to be included for the first time

Federal Reserve Board votes to keep countercyclical buffer at zero

Federal Reserve decides to leave countercylical buffer at 0% following a consultation with other US regulators

EU and Asia discuss cross-border issues at second regulatory forum

The European Union and Asia discuss cross-border issues involving MiFID II and EMIR, fintech and sustainable finance at the second EU-Asia Pacific Forum.

European Commission committed to streamlining financial regulation

The European Commission remains committed to streamlining financial regulation as it investigates further areas that need tackling, including data reporting. Justin Pugsley reports.

Andreas Kokkinis web

Bankers need more skin in the game to ensure financial stability

There have long been arguments over how much regulation is needed to make the financial system safe. However, a new book claims there should be greater focus on incentives for senior bank management, who are better placed than most to understand the risks within their own institutions. Justin Pugsley reports.

London Stock Exchange

LSE accused of overstating euro-clearing relocation costs

The costs of moving euro-denominated OTC derivatives from London to the EU have been exaggerated by the London Stock Exchange, says a Frankfurt-based research institute. By Justin Pugsley.

Fed's Quarles proposes greater transparency for bank stress tests

US Fed proposes injecting more transparency into its stress testing regime to bolster its credibility.

Federal Reserve announces three new reference rates

The US Federal Reserve has announced three new US dollar benchmark interest rates to replace the discredited Libor.