Latest articles from Justin Pugsley

FSA holds event to promote Japan’s fintech sector

Japan’s Financial Services Agency (FSA) teamed up with Japan Nikkei to hold an event in Tokyo to explore themes around fintech

Industry associations warn that political momentum vital for CMU success

Ten industry associations come up with seven key indicators for monitoring progress of the development of the capital markets union while warning that political momentum will be needed for the market initiative to succeed

ASIC lambasts banks over “unacceptable” reporting delays

ASIC ramps up rhetoric against large Australian banks for being too slow at identifying, reporting and rectifying significant breaches and is also considering enforcement actions against them

EBA launches fifth annual EU transparency tests

EBA starts fifth annual transparency exercise gathering detailed data on the capital positions and exposures of around 130 EU banks

Scope Ratings challenges view that European banks are structurally under-capitalised

Europe’s larger banks are not under-capitalised versus other developed country peers as is popularly thought said Scope Ratings in a report 

European Commission proposes upping EBA powers to fight money laundering

EBA may get greater power to fight money laundering following spate of scandals involving EU banks

Still work to be done in driving transparency in OTC derivatives – CFTC's Quintenz

Driving transparency in OTC derivatives markets was one of the biggest achievements of the post-global financial crisis reforms says a CFTC commissioner, but he warned that there is more work to be done in this area.

Richard Clarida sworn in as vice-chairman of the Fed

Economist and fund manager Richard Clarida becomes vice-chairman at the US Federal Reserve

Fed consults on regulations H and K of the mortgage licensing act

Federal Reserve proposes repealing provisions in Safe Act as responsibility for it passes to another federal agency

Agencies approve amendments to swap margin rule

Five US regulatory agencies have approved amendments to swap margin rules for legacy contracts