Latest articles from Justin Pugsley

International US asset managers will be affected by MiFID II

US asset managers and brokers with EU clients will find themselves caught up in the far-reaching Markets in Financial Instruments Directive II.

CFTC voices post-Brexit concerns over euro clearing

The prospect of the EU mandating the clearing of euro trades within the EU is likely to strain the bloc’s relationship with the US.

SEC views cyber-crime as a leading market threat

The US Securities and Exchange Commission is increasingly concerned over the growing number of cyber-attacks aimed at the finance sector.

Small banks likely to be biggest beneficiaries of Dodd-Frank reforms

Given strong levels of cross party-political support, smaller banks are likely to be the biggest long-term beneficiaries of the US administration’s efforts to reform Dodd-Frank.

Committee members fail to sign off on Basel III at June meeting

Though differences appear to have narrowed over proposed constraints on internal risk model used by banks, members of the Basel Committee are still struggling to sign-off on the Basel III framework.

FSB's climate change task force issues recommendations

The Task Force on Climate-Related Financial Disclosures released a set of recommendations for carbon emitters and a framework to help investors, banks and insurers evaluate climate-related risks.

FSB scrutinising fintech risks

Fintech is growing rapidly and steadily permeating every facet of the financial system, leading the Financial Stability Board to scrutinise the sector for potential systemic risks.

FSB warns G20 leaders over regulatory fatigue

FSB chair Mark Carney warns G20 leaders not to give into regulatory fatigue and endanger the "immense progress" that has taken place on financial reforms.

Global regulators consult on stress testing CCPs

As part of the G20 reform agenda, global regulators are consulting on a stress testing framework for central counterparty clearing houses.

IOSCO investigates order routing incentives

IOSCO has conducted a survey of its members to see how they manage conflicts of interest around order routing and best execution requirements.