Latest articles from Justin Pugsley

China unveils ‘Dodd-Frank-like’ reforms to tighten oversight

China unveils reforms to bring a unified approach to regulating the domestic asset management sector – seen as being at the epicentre of the country’s large shadow banking sector. By Justin Pugsley.

Hong Kong regulators share review on managing conflicts of interest

Hong Kong’s regulators remind financial firms under their watch about managing conflicts of interest. By Justin Pugsley.

WFE laments policy incoherence and proposes remedies

The World Federation of Exchanges is calling for greater harmonisation of the way individual jurisdictions implement and apply G20-inspired rules. Justin Pugsley reports.

EU financial regulatory structures ‘must evolve post-Brexit’

The governor of the Bank of France has warned that the EU’s financial regulatory structure will need to evolve once the UK leaves the union. By Justin Pugsley.

Banks commit to Libor until 2021 and to developing an alternative

The 20 banks contributing to Libor have agreed to continue until 2021 while supporting efforts to develop an alternative, says the FCA. Justin Pugsley reports.

ESMA aims to iron out repository reporting inconsistencies

ESMA has found inconsistencies in the way repositories report derivatives activity in Europe and is set to issue new guidelines on the matter in the first half of 2018, writes Justin Pugsley.

Basel III may have been agreed

There is speculation the Basel Committee has finalised the Basel III framework, following an announcement from oversight body the Group of Governors and Heads of Supervision (GHOS) of a press conference in early December. Justin Pugsley reports.

US regulators clarify centrally cleared derivatives rules

Three leading US Federal agencies clarify rules on centrally cleared derivatives following rulebook changes for certain central counterparties. Justin Pugsley reports.

Row brewing over soaring US exchange data fees

US stock exchanges could find themselves in hot water over rocketing data feed costs due to an investor backlash and growing regulatory interest in the issue. By Justin Pugsley.

OCC’s Noreika says examiners to be more light touch

Comptroller of the currency Keith Noreika is promoting a light touch approach to bank examinations, a move that is likely to be popular with the industry