Latest articles from Justin Pugsley

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UK regulator warns house-bound bankers about misconduct risk

June 4, 2020

FCA concerned about employees working from home on sensitive capital-raising deals.

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Banks express concern at prospect of negative interest rates

June 2, 2020

Lenders fear move could hit net interest margins and hinder ability to recover from pandemic.

Regulators ask banks to go easy on forward provisioning

May 27, 2020

Banks have been given the nod for a softer line on forward provisioning accounting rules, for the sake of preserving the economy.

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EU regulators lift short selling ban, but could reimpose it

May 19, 2020

Securities regulators coordinate move, but could reinstate in event of extreme volatility.

Basel faces first major test – so far so good

April 27, 2020

The coronavirus pandemic has hit the global economy, vindicating the tough reforms to the Basel framework. But will they survive? 

Coronavirus menaces eurozone banks

March 23, 2020

The latest potential existential threat to the eurozone is not from reckless banks this time. A highly contagious virus is something regulators had never planned for.

UK regulators look to hasten Libor’s demise

February 17, 2020

UK regulators have given the industry a sharp reminder that they are not doing enough to transition from Libor to alternative rates, giving the whole project a new sense of urgency. 

UK quest for divergence hangs over Brexit talks

January 29, 2020

With the UK having left the EU on January 31, one uncertainty has been traded for another: the post-Brexit UK-EU relationship. 

Is the FSOC underestimating risks to US financial stability?

January 2, 2020

Mortgage origination and cyber attacks are among the top concerns of the US Financial Stability Oversight Council but, surprisingly, the rapid growth in collateralised loan obligations is not seen as one of them. 

FCA takes Brexit opportunity to rethink rules

December 2, 2019

UK regulators see Brexit as an opportunity to review the country’s regulatory regime and shift the focus to an outcomes-based approach. 

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