Latest articles from Justin Pugsley

CFTC delays minimum threshold requirements for swaps dealers

The CFTC has delayed lowering the minimum threshold for swaps dealers, which would have seen many more firms having to comply with more derivatives rules

Basel Committee member jurisdictions found to be mainly LCR compliant

The Basel Committee found that member jurisdictions are mainly compliant with the liquidity coverage ratio with outstanding deviations deemed largely immaterial

BIS says cross-border bank credit contracted in Q2

Cross-border bank credit contracted by $91bn during Q2, 2017 with the Eurozone leading the way

Basel Committee brings flexible and tailored approach to step-in risk

Basel Committee provides guidelines to banks on mitigating risk from potential problems in the shadow banking sector

Australian banks ponder setting up ethical standards body for their industry

Australian banks look into setting up a professional body to drive higher ethical standards and conduct in their industry

CFPB suffers setback following Senate vote

Senate vote setback for CFPB over arbitration agreements rule.

US Treasury: 'Market based finance' more appropriate term than 'shadow banking'

US Treasury objects to the term ‘shadow banking’ as it implies unregulated activity and proposes 'market based finance' as a more appropriate description for the activities of non-bank financial institutions.

Fears grow over City of London jobs if hard Brexit happens

Fears grow over job losses in the City of London in the event of a ‘hard Brexit’ as BaFin reminds London-located firms to move substantial operations to the EU if they want to retain access to the single market

Banks vest hope in Fed’s Quarles for lighter regulation

Banks hope new US Fed supervisory chief will take more lenient view on interpreting regulations

JPMorgan CEO lashes out at overly complex regulation

JPMorgan CEO slams overly complex rules stating that they outweigh their benefits and complains about US gold-plating Basel rules