Latest articles from Justin Pugsley

rage-ometer-anxiety

CBDCs moving to the next stage

February 10, 2022

January saw a rush of announcements about central bank digital currencies, as they enter their next phase of development.

Regulators to peer into the cloud

January 19, 2022

Just three leading cloud providers pose a growing challenge in terms of the operational resilience of banks and this worries financial regulators. 

EU's diverging interpretation of Basel III

December 16, 2021

The European Commission’s approach to implementing Basel III into the EU’s banking framework attempts to be faithful, but is filled with divergences and delays.

Libor transition

FCA grants another Libor reprieve to fend off potential market disruptions

November 24, 2021

The decision is part of a long series of delays and exemptions to help the industry transition to alternative interest rate benchmarks. 

EU flags etc

EU finalisation of Basel III leaves banks concerned

November 15, 2021

European Commission’s proposals to better insulate EU banks from shocks have been met by the industry with concerns.

US regulators are coming for stablecoins

November 9, 2021

Issuers of US dollar-backed stablecoins could be nearing an existential threat as regulators clearly want to subject them to tough banking rules. 

Libor transition

Concerns linger over US dollar Libor transition

October 19, 2021

Most banks should have negligible Libor exposures by the end of this year. But pockets of concern remain.

Is Evergrande the new Lehman brothers?

October 11, 2021

With China’s Evergrande in deep trouble, some are wondering if it could trigger another global financial crisis.

Gary Gensler 16x9

SEC warns Coinbase over proposed yield product

September 20, 2021

The US Securities and Exchange Commission has threatened to sue the crypto exchange Coinbase if it launches its planned lending product. 

US getting act together over crypto

September 13, 2021

Crypto firms have been vocal about how the US’s damaging approach to their industry is stifling innovation to the benefit of Asian and European competitors. 

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