The authorities are determined to wean the financial system off using interbank offered rates. The problem is that the transition is happening painfully slowly and industry may not be ready in time. By Justin Pugsley.
Latest articles from Justin Pugsley
EU benchmarks regulation risks further fragmentation
November 21, 2018Third-country benchmark administrators are struggling to comply with the EU’s benchmarks regulation, potentially threatening to cut off some EU entities from non-EU financial markets.
Why cognitive technologies are a double-edged sword
October 20, 2018Cognitive technologies could provide banks with new efficiencies, capabilities and innovations. But they could also cause a future crisis if not properly controlled.
Bankers fret over part two of EU securities lending rules
September 19, 2018Bankers are becoming increasingly anxious over the second stage of the EU’s securities financing transaction regulation, which involves greater granularity of reporting around securities lending. By Justin Pugsley.
FSB pivot from policy-making is good news for banks
August 23, 2018The Financial Stability Board is moving away from policy-making towards assessing the implementation and impact of global rules – potentially good news for bankers.
Will UK's SM&CR bring a wider culture shock?
July 26, 2018There is early evidence that banks are changing their corporate cultures in light of regulatory initiatives such as the UK’s Senior Managers & Certification Regime. It is no surprise, therefore, that other regulators are taking a greater interest in it. By Justin Pugsley.
US agencies start to simplify the Volcker Rule
July 4, 2018On May 30, the US Federal Reserve kicked off with a 60-day consultation to try and make the Volcker Rule work better for banks and the regulator. This is likely to be quite a challenging process as creating clear definitions around different types of trading, for example, is quite difficult.
Top 1000 World Banks - United National Corporation leapfrogs Banco Compartamos in ROA table
July 2, 2018United National Corporation of the US is the bank with the highest return on assets in the 2018 Top 1000 ranking, pushing 2017 leader Banco Compartamos into second place. By Justin Pugsley.
Top 1000 World Banks - Latin America and the Caribbean records highest LTD ratio
July 2, 2018Latin America and the Caribbean saw the biggest rise in loan-to-deposit ratios in 2017, while Asia-Pacific sported the lowest. Justin Pugsley reports.
Top 1000 World Banks - India and eurozone lenders take unwanted crowns for NPLs and CAR
July 2, 2018Eurozone and Indian banks top the highest non-performing loan to total loan ratios due to a combination of legacy issues and actions by regulators. Justin Pugsley reports.