Latest articles from Justin Pugsley

City of London plots future outside the EU

The UK’s vote to leave the EU has left the City of London in a state of shock and stuck with years of uncertainty. But new trade deals could unleash new opportunities.

US banks ace stress tests

Big US banks get green light to distribute cash to shareholders following stress tests.

Link between sovereign debt and bank solvency must be cut

Controversial moves are afoot, says the Bank for International Settlements.

Former Latvian PM is new EU finance commissioner

Valdis Dombrovskis takes over as Brexit prompts Jonathan Hill’s resignation.

Philip Lane BOI

Regulators need more insights into causes of financial contagion

Greater cross-border regulatory collaboration and data sharing will go a long way towards sustaining vibrant capital markets and a stable financial system, says Philip Lane, governor of the Central Bank of Ireland. By Justin Pugsley

Mark Carney 167x96

Blind spots remain over shadow banking activity

Shadow banks are a source of growing concern for regulators given their growth and size and the Financial Stability Board has identified gaps that need to be closed to make the sector easier to understand and supervise

Martin R. Götz and Tobias H. Tröger

CoCo viability threatened by the ‘wrong’ investors

Lack of investor understanding and the wrong kind of investors could undermine the role of contingent convertible bonds in the regulatory framework

BCBS

Funding ratios could help predict bank failures

Two central bank staff have identified a type of ratio which could have accurately predicted the banks that were going to fail in the run up to the financial crisis – but do they still hold predictive qualities? 

City of London skyline

Learning to love bankers, again

European economies are being caught in cross-fire between higher capital requirements for banks and ever more aggressive monetary stimulus policies from the European Central Bank

Jonathan Hill

Europe takes stock of the regulatory blitz

As the onslaught of drafting new rules draws to an end, European regulators step back to consider their combined impact on the financial sector and the wider economy in light of the continent’s sub-par economic performance. By Justin Pugsley