Latest articles from Justin Pugsley

ECB at night

ECB’s push on cross-border bank mergers faces hurdles

January 22, 2021

Lack of a fully fungible capital and liquidity regime may limit large-scale mergers between eurozone countries.

Lael Brainard

Fed governor: regulators must stay on top of AI risks

January 20, 2021

Use of complex machine learning models holds pitfalls as well as opportunities, says Lael Brainard.

BoE

BoE official revives negative rate speculation

January 18, 2021

No evidence that below-zero rates have reduced bank profits overall, says external MPC member Silvana Tenreyro.

Moscow skyline

Has Russian banking moved beyond ‘boom and bust’ cycles?

January 12, 2021

Big bank failures because of Covid-19 look unlikely as a result of sweeping regulatory reforms.

Brexit teaser

UK faces tough battle for EU equivalence on financial services

January 8, 2021

With Brexit complete, UK negotiators are now striving to reclaim access to EU financial markets.

A loaded regulatory agenda beckons for 2021

January 4, 2021

Although no more big changes are expected to the Basel framework, it will still be a busy year for compliance departments. 

Icecaps

Finma launches consultation on climate risk transparency for financial sector

December 18, 2020

The Swiss Financial Market Supervisory Authority has launched a consultation over increasing transparency around the threats associated with climate change. 

Steven Mnuchin teaser

FSOC calls on agencies to monitor vulnerabilities across the financial sector

December 17, 2020

Financial Stability Oversight Council has recommended steps for regulators and market participants to address risks to financial stability.

fed 16x9

Fed acknowledges climate change threat to financial stability

December 14, 2020

US Federal Reserve has acknowledged the climate change risk, bringing it in line with other central banks and global bodies.

bank

GHOS calls time on post-crisis Basel reforms

December 9, 2020

Basel Committee oversight body marks end to post-global financial crisis banking reforms.

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