Latest articles from Justin Pugsley

CFTC chair stresses “deference” for cross-border supervision of CCPs

CFTC chairman emphasises jurisdictions paying "deference" to each other’s regulatory regimes for the cross-border supervision of central counterparty clearing houses

Giancarlo outlines CFTC’s 2018 goals

Commodity Futures Trading Commission chairman Chris Giancarlo has outlined its priorities for 2018 as the markets regulator gradually comes up to strength in personnel and capabilities. Justin Pugsley reports.

BoE’s Carney takes on two more global roles

Bank of England governor and Financial Stability Board chairman Mark Carney has taken on two new roles related to monitoring the global financial system and economy.

EC’s Juncker calls for stronger banking union

In a strongly integrationist speech, European Commission president Jean-Claude Juncker called for more EU states to join the European Banking Union and the euro, and for more decisions to be taken by qualified majority voting. Justin Pugsley reports.

Bank of Ghana puts pressure on local banks to raise capital

Ghana forces local banks to raise more capital and shuts down two others due to liquidity issues. Justin Pugsley reports.

Too soon for central banks to create cryptocurrencies, says BIS

The Bank for International Settlements says too little is known about cryptocurrencies for them to be created by central banks, with improvements needed in settlement systems, and more insight required about their risks. Justin Pugsley reports.

ISDA puts forward framework for determining cross-border comparability

An ISDA paper sets out a risk-based framework to help compare cross-border regulatory regimes for derivatives. Justin Pugsley reports.

Investors sue over resolution of Banco Popular Español

An investor lawsuit over the resolution of Banco Popular Español could call into question the viability of the EU Bank Recovery and Resolution Directive, reports Justin Pugsley. 

Sweden takes lead on raising risk weights on sovereign bonds

Sweden’s move to raise risk weights above zero for sovereign bond holdings by banks is unlikely to see a popular following across the EU. Justin Pugsley reports.

EU’s third country CCP oversight insufficient

A European Commission official said EU authorities lack sufficient tools to oversee third-country central counterparty clearing houses operating in the EU