Lack of a fully fungible capital and liquidity regime may limit large-scale mergers between eurozone countries.
Latest articles from Justin Pugsley

Fed governor: regulators must stay on top of AI risks
January 20, 2021Use of complex machine learning models holds pitfalls as well as opportunities, says Lael Brainard.

BoE official revives negative rate speculation
January 18, 2021No evidence that below-zero rates have reduced bank profits overall, says external MPC member Silvana Tenreyro.

Has Russian banking moved beyond ‘boom and bust’ cycles?
January 12, 2021Big bank failures because of Covid-19 look unlikely as a result of sweeping regulatory reforms.

UK faces tough battle for EU equivalence on financial services
January 8, 2021With Brexit complete, UK negotiators are now striving to reclaim access to EU financial markets.
A loaded regulatory agenda beckons for 2021
January 4, 2021Although no more big changes are expected to the Basel framework, it will still be a busy year for compliance departments.

Finma launches consultation on climate risk transparency for financial sector
December 18, 2020The Swiss Financial Market Supervisory Authority has launched a consultation over increasing transparency around the threats associated with climate change.

FSOC calls on agencies to monitor vulnerabilities across the financial sector
December 17, 2020Financial Stability Oversight Council has recommended steps for regulators and market participants to address risks to financial stability.

Fed acknowledges climate change threat to financial stability
December 14, 2020US Federal Reserve has acknowledged the climate change risk, bringing it in line with other central banks and global bodies.

GHOS calls time on post-crisis Basel reforms
December 9, 2020Basel Committee oversight body marks end to post-global financial crisis banking reforms.