Certain entrenched interests in the US stock market face a bruising battle with the Securities and Exchange Commission — one that will be played out in the courts and the media.
Latest articles from Justin Pugsley

Fixes sought for flaws in US Treasury market as volatility intensifies
June 27, 2022The US Treasuries market remains vulnerable to more dysfunctional episodes as crises are happening more often, which is heaping pressure on policy-makers to find structural fixes.
Golden chance to globalise ESG
June 23, 2022The recent launch of the ISSB and a series of consultations offer a golden opportunity to drive common global ESG standards.
Banks menaced by the Horsemen of the Apocalypse
May 13, 2022Swathes of global banking business could be under threat as geopolitical instability looks set to become the norm.
The beginning of the end of the US dollar?
April 14, 2022The demise of the US dollar as the world’s top reserve currency has been endlessly debated, but some observers believe that the recent sanctions against Russia might be a real turning point.

Russia faces banking crisis as sanctions bite
April 11, 2022Following some of the harshest sanctions ever imposed on a country, Russia could face a banking crisis within a year as its economy braces for the worst contraction in nearly three decades.
How the Ukraine war could go badly for banks
March 14, 2022Russia has effectively been ejected from the global economy by the West — a move that will stress its banks and could have frightening unintended consequences.
CBDCs moving to the next stage
February 10, 2022January saw a rush of announcements about central bank digital currencies, as they enter their next phase of development.
Regulators to peer into the cloud
January 19, 2022Just three leading cloud providers pose a growing challenge in terms of the operational resilience of banks and this worries financial regulators.
EU's diverging interpretation of Basel III
December 16, 2021The European Commission’s approach to implementing Basel III into the EU’s banking framework attempts to be faithful, but is filled with divergences and delays.