Latest articles from Justin Pugsley

Barney Frank weighs in on Senate reform bill

Barney Frank, the co-author of the Dodd-Frank act, is concerned about a Senate proposal to raise the threshold to $250bn in assets for banks to come under FSOC oversight

White House battles Democrats over CFPB appointee

In a bizarre turn of events, two acting directors turned up to run the Consumer Financial Protection Bureau (CFPB) on November 27, illustrating what is likely to be a bitter political and legal battle over who chooses the CFPB’s interim boss. By Justin Pugsley.

European regulators revisit FX variation margin guidelines

European supervisory authorities are examining issues over posting variation margin for non-centrally cleared over-the-counter physically settled foreign exchange (FX) forward contracts to align European practices more closely with those of other jurisdictions. By Justin Pugsley.

European Commission seeks to push banking union forward

European Commission has come up with a series of recommendations it hopes will break the deadlock that is holding back the completion of the European Banking Union.

APRA chair sees Australian financial system as sound, but with challenges

The chair of the Australian Prudential Regulation Authority says the country's financial system is basically sound, but notes that there are challenges around bank profitability.

European Parliament passes STS securitisation regulation

European Parliament passes STS securitisation framework potentially paving the way for a revival of the European securitisation market

Indian recapitalisation of state banks welcomed by credit rating agencies

Credit rating agencies welcomed India’s move to recapitalise state banks

Competition "may make banks safer"

There’s been much debate over whether competition undermines or boosts bank stability. An academic from Goetz University believes competition can be good for bank stability

SEC gives US banks temporary relief on MiFID II

The SEC has give US banks and broker dealers a temporary reprieve so they can receive direct payments for investment research from European clients when MiFID II goes live

OFR: size is not is not the only factor for identifying systemic importance

The OFR is suggesting a new approach to identifying systemically important financial institutions, which would see more second tier US banks being subject to enhanced regulation