Latest articles from Justin Pugsley

Deloitte foresees formidable regulatory challenges for firms in 2018

Deloitte predicts tough year for financial firms in terms of regulatory compliance

FSB consults on too big to fail guidance

FSB consults on two sets of guidelines covering the resolution of globally systemically important banks

Regulators forced to make concessions to ensure smooth MiFID launch

EU regulators have been forced to delay some aspects of MiFID II in a bid to ensure the smooth functioning of Europe’s financial markets

Michael McKee web

Basel III may not halt regulatory fragmentation

Finalising the Basel III framework was a very important milestone for cementing a global regulatory framework for banking. But given shifting national priorities it may not be enough to stop some more wrinkles appearing in terms of national implementation

FINMA updates outsourcing requirements for financial firms

Swiss regulator FINMA has updated its outsourcing requirements for financial firms and following a consultation has taken a principles-based and technology-neutral approach.

Bank of England stress tests reveal UK banks in strong position

All the main participating UK banks passed their stress tests for the first time in late 2017, but concerns linger over exposure to UK consumer credit, EU-related derivatives contracts and IFRS-9 accounting standards. Justin Pugsley reports.

Progress made since European banking supervision started - Draghi

Much progress has been made since the ECB took on a greater role in supervising the eurozone’s largest banks, with the financial system now looking more resilient. Justin Pugsley reports.

Asia-Pacific derivatives activity continues strong growth

Data pulled together by ISDA shows derivatives trading continues to grow strongly across the Asia-Pacific region. Justin Pugsley reports.

Global regulators seek feedback on enhancing accountability and independence

The Monitoring Group is seeking opinions on how to improve the accountability and independence of the global regulatory bodies it represents. Justin Pugsley reports.

MAS: Culture is the lynchpin of a safe and sound financial system

No amount of regulatory reforms can make the financial system secure if the conduct of firms and individuals is flawed, says the deputy managing director at the Monetary Authority of Singapore.