Latest articles from Justin Pugsley

AT1 coupons to be prioritised over dividends

In a bid to boost confidence in additional tier 1 instruments, the European Commission wants to prioritise coupon payouts over dividends from shares.

China’s regulators tighten grip on shadow banking

China plans renewed clamp-down on shadow banking practices as concerns grow over its systemic implications.

Sufyan Khan

BCBS: Banks need more time to adjust to IFRS-9

IFRS-9 accounting rules will have a big impact on how banks provision for losses, and that influences capital requirements. The Basel Committee on Banking Supervision is therefore suggesting an implementation delay, but even that could have unintended consequences. By Farah Khalique

Commission launches proposals on CCP resolution plans

The European Commission has put forward proposals to deal with clearing firms in the event of their failure.

IOSCO consults on credit rating agencies

IOSCO launches a new consultation to gain a better understanding on the credit ratings market

Jeremy Light

Open banking initiative will shake up UK banking

UK banks face fierce competition if new open banking rules are implemented effectively, which could be game-changing for the country’s financial services. By Dan Barnes.

Professional bodies can shape banker behaviour

There is scope for professional bodies to help promote greater competence and more ethical behaviour within banks, according to a report commissioned by the Banking Standards Board.

BCBS

The final countdown: Basel’s reform agenda

The European Savings and Retail Banking Group is calling on the Basel Committee on Banking Supervision to postpone its final decisions on calibration, warning that the proposed reforms are a threat to many European banks, which will badly affect the real economy. By Chris De Noose, managing director of the European Savings and Retail Banking Group (ESBG).

FCA seeks more level playing field in capital markets

The UK’s Financial Conduct Authority is challenging certain capital markets practices to engineer a fairer environment for all users.

Japan tightens rules on high-frequency trading

Japan’s supervisor takes measures to bring about greater oversight of high frequency trading firms.