The new accounting standard IFRS-9 will have a dramatic impact on how banks provision for credit losses, leading the Basel Committee on Banking Supervision to consult on how to manage its effect on capital requirements. Justin Pugsley reports.
Latest articles from Justin Pugsley
Can SM&CR revive banks' reputations in UK?
November 28, 2016Issues relating to conduct are rapidly rising up the list of priorities for UK regulators, which is having a significant impact on the City of London. In an attempt to combat this, UK regulators have introduced the Senior Managers and Certification Regime. Justin Pugsley reports.
France takes lead in unbundling debate on research
October 24, 2016The unbundling of research from trading commissions represents a major change in the way banks and brokerages produce analysis for their clients and the French supervisor has taken a lead in this debate by appealing for a level playing field and an end to ‘gold-plating’. By Justin Pugsley.
Basel trading book review tests banks' implementation mettle
September 26, 2016The fundamental review of the trading book by the Basel Committee on Banking Supervision is proving a tough piece of prudential regulation to implement, because it probes weaknesses such as banks’ siloed nature and differing data standards across departments. Justin Pugsley investigates.
Europe’s securitisation dreams stumble on parliamentary road block
August 30, 2016Reviving Europe's moribund securitisation market was always going to be difficult, partly due to the harsher capital treatment meted out by the Basel Committee on Banking Supervision. But proposals being discussed in the European Parliament risk smothering it completely – if they ever see the light of day. By Justin Pugsley
Banks step up efforts to fight RWA proposals
July 20, 2016There is growing exasperation in the banking community regarding the Basel Committee on Banking Supervision’s desire to reduce variations in bank risk-weighted assets in the name of simplifying comparisons, writes Justin Pugsley.
ESMA gives more time on trade reporting obligations
July 1, 2016Among banks and brokers there has been a lot of concern about the EU’s trade reporting obligations, but some recent concessions have made the burden a little easier, writes Justin Pugsley.
Leverage ratio piles on the derivatives pain
May 18, 2016A 'small' modification to the standardised method for measuring over-the-counter derivatives exposures threatens yet another layer of costs for banks.

Coco volatility threatens bank regulatory capital targets
April 1, 2016The contingent convertible bond, or cocos, market got off to a poor start in 2016, particularly at Deutsche Bank, and new issuance of the bonds is expected to slump. However, if investors steer clear of the asset class, will banks still be able to meet upcoming capital requirements?