The UK is proposing to extend its senior managers and certification regime to another 46,000 or so firms, which is both good and bad news for firms, but if nothing else it should improve standards of conduct. By Justin Pugsley.
Latest articles from Justin Pugsley
Bringing ethics and transparency to the FX markets
July 24, 2017The world’s leading central banks have decided to raise integrity and transparency levels in the vast foreign exchange markets with a new code of conduct. And given the current mood music around market conduct, it probably has a good chance of being adhered to despite its voluntary nature. By Justin Pugsley
US Treasury plots Dodd-Frank reforms
July 3, 2017Some policy experts were pleasantly surprised with the US Treasury’s proposals to reform Dodd-Frank, considering them to be thoughtful, and are billing them as a likely road map for the future of the US financial system. By Justin Pugsley.
Brexit sparks race to the bottom among London’s rivals
May 29, 2017Some EU financial centres have been accused of bidding too aggressively to host financial firms relocating from London, revealing flaws in the EU’s regulatory architecture that its authorities are seeking to fix. By Justin Pugsley.
ECB pushes case for internal models
April 26, 2017The European Central Bank is undertaking a major project to ensure the internal models used by eurozone banks work properly. A useful spin-off could be to tackle the Basel Committee on Banking Supervision’s scepticism over their use, as Justin Pugsley reports.
Will regtech’s deepening role spark greater regulatory scrutiny?
April 20, 2017Regulators are likely to take a deeper interest in regulatory technology as it takes on more critical tasks and deepens its role within banks, reports Justin Pugsley.
Industry sweats over fast-approaching MiFID II deadline
March 27, 2017The EU is hurtling towards the implementation of MiFID II, a huge body of rule changes that no one will be ready for. Some regulatory flexibility will have to be shown or the process may end up resembling a car crash. By Justin Pugsley.
The last stressful US stress test?
February 23, 2017In their latest stress tests of systemically important banks, US regulators are reinforcing their focus on risk management, controls and governance, while differentiating more between complex and non-complex large firms. Justin Pugsley reports.
Basel IV: down but not out
January 29, 2017The finalisation of the Basel accords has been delayed, leading to the very real possibility that global agreements on financial regulation could be left up in the air.
Banks prepare for radical transformation of the regulatory landscape
January 2, 2017The banking industry is facing massive disruption, not just from the new entrants in the market but also from regulatory pressures across many jurisdictions, writes Justin Pugsley.