Latest articles from Justin Pugsley

Rupert Brown

Regulatory breaches: making the case for the defence

The ever growing volumes of regulation means there are more ways than ever for firms to get caught out. One way to mitigate the fall out from regulatory breaches is to carefully document how firms make their decisions

ESMA consults on equity trading transparency regime

A consultation has been launched on the transparency regime for equity, exchange traded funds (ETFs) and other related instruments in the markets in financial instruments regulation (MiFIR) by the the European Securities and Markets Authority (ESMA).

EU banks to be subject to toughest stress test yet

Banks in the EU will be subject to the most demanding stress tests to date to see how they would stand up to very low interest rates, growing trade tensions and a disorderly departure from the union by the UK. 

Pound spike to be investigated by UK’s FCA

An upward spike in the pound, which happened just seconds before the Bank of England (BoE) announced UK interest rates as unchanged, is being investigated by the Financial Conduct Authority (FCA) at the central bank’s request. 

ECB found six eurozone banks fell short on capital requirements

Six eurozone banks were found to have inadequate levels of capital by the European Central Bank (ECB), which told them to remedy the situation.

China pumps in money to offset impact of corona virus on financial system

The People’s Bank of China (PBoC) reduced repo rates by 10 basis points on February 3 and separately deployed around RMB1.2tn ($173bn) into reverse bond purchases as the country returned to work after the Chinese New Year holidays. 

Tim Rennie

UK regulators up the ante on Libor transition

UK regulators have doubled down on their determination to wean the financial sector off sterling Libor, a move which might speed up the transition to alternative rates for other currencies as well

EBA says variability in EU bank RWAs mainly due to fundamentals

Most of the variability in risk-weighted assets can be attributed to fundamentals, the European Banking Authority (EBA) said in two reports on the consistency of RWAs across EU institutions authorised to use internal approaches for the calculation of capital requirements. 

Commissioner says SEC struggling with tech trends

Rapidly evolving trends such as digital assets and robo-advisers are emerging as key challenges to regulators, said Robert Jackson, a commissioner at the Securities and Exchange Commision (SEC).

US financial firms warned by regulators to beef up cyber defences

US financial institutions have been warned of an increased risk of cyber attacks by US federal regulators who are calling on firms to increase their cyber security controls.