Latest articles from Justin Pugsley

ESMA values EU derivatives market at €660tn with clearing rates rising

ESMA values EU derivatives market at €660tn and notes progress towards more derivatives being cleared

Non-bank financials continue to drive global credit growth, says BIS

Whereas cross-border bank credit continues to shrink, overall credit growth continues to be supported by non-bank financial institutions.

SFC makes it easier for public whistleblowers to report misconduct

Hong Kong public encouraged by the SFC to report on suspected cases of market abuse as the regulator seeks to further curb activities such as insider trading and share price manipulation

Eurex experiences trade opening delay raising questions over resilience

Worries over market infrastructure raised after Eurex experiences delays in opening for trading on Monday, 15 October

PRA wants to delay some liquidity reporting requirements

PRA consults on delaying certain aspects of liquidity reporting so as to mitigate risks to supervising liquidity

S&P warns over default risks associated with China local government debt vehicles

Credit rating agencies have been warning over risks associated with local government debt vehicles in China, which could trigger a wave of company defaults should they run into trouble

CFTC threatens EU institutions' US market access over CCP oversight

CFTC chair threatens EU with blocking access to US clearing facilities if EU does not relent on some of its proposals for overseeing overseas clearing houses

Prudential Financial removed from too big to fail list

Prudential Financial becomes last US insurer to shake off the ‘too big to fail’ designation, with critics seeing it as a significant roll back of the Dodd-Frank Act

Mark Turner

Stress testing comes of age as Basel Committee issues update

Basel Committee issues nine principles for stress testing banks reflecting the growing importance of the exercise for detecting emerging vulnerabilities

Iceberg

PRA prompts financial firms to focus on climate risks

The PRA is stepping up pressure on banks to pay more attention to climate change related financial risks following a consultation that is likely to be a step towards eventual regulation