Latest articles from Justin Pugsley

China Yuan

China’s banks face soaring NPLs as economic woes intensify

September 13, 2022

There are rising concerns over China’s banking system as the country’s lenders feel the effects of slowing growth combined with a deflating real estate market.

Social finance suffers EU setback

September 9, 2022

The quest to create global standards for ‘social’ investing took a blow recently when the European Commission decided to kick the EU’s social taxonomy into the long grass. A fragmentation of standards is now likely to proliferate.

Is UK regulation about to be politicised?

August 15, 2022

It was supposed to turbocharge the City of London’s fortunes, but in the end the government’s long-awaited financial services bill was a bit of a damp squib. It will, however, entrench tensions between the government and regulators with potentially dangerous consequences.

Gensler takes on US stock market interests

July 12, 2022

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.

US fed and eyes

Fixes sought for flaws in US Treasury market as volatility intensifies

June 27, 2022

The 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, 2022

The 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, 2022

Swathes 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, 2022

The 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.

VTB Russia

Russia faces banking crisis as sanctions bite

April 11, 2022

Following 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, 2022

Russia has effectively been ejected from the global economy by the West — a move that will stress its banks and could have frightening unintended consequences.  

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