Latest articles from Justin Pugsley

For sale sign

A rise in NPLs is not necessarily just down to fast credit growth

Rapid loan growth has turned out to be a good indicator regarding non-performing loans later on and is a warning for countries that have experienced fast credit expansion recently. But this relationship doesn’t have to hold true, as Justin Pugsley reports. 

Flash crash

Tech proliferation echoes pre-crisis boom in complex derivatives

The proliferation of cognitive-type technologies is a new challenge for compliance teams to monitor, but their rapid development and complexity mean non-specialists are having trouble keeping up. By Justin Pugsley.

European Central Bank

ECB paper finds negative interest rates may undermine financial stability

ECB paper finds that negative interest rates are particularly penalising for banks heavily reliant on deposits and could potentially create financial stability risks

Juncker

Juncker calls for deeper capital markets as CMU struggles to be born

European Commission president calls for deeper EU capital markets and a greater global role for the euro

Jeremy Wilson

Barclays ‘DerivHack’ develops CDM post-trade derivatives model

A Barclays sponsored hackathon has potentially identified new paths for making post-trade derivatives processes more efficient using ISDA’s common domain model and may transform how the industry interacts with regulators. By Justin Pugsley

John Kernan

Industry worries about SFTR reporting requirements

The second phase of the EU’s rules governing securities lending and repo markets is creating all kinds of headaches for market participants due to highly detailed reporting requirements and remaining loose ends around identifiers

Jonathan Lee

ESMA rejects European Commission’s SFTR proposals

ESMA has rejected all of the European Commission's proposals to make technical amendments on a regulation governing securities and repos lending, leaving the industry concerned that it will create further delays on clarifying identifier standards

Niall Ferguson

How safe is the global financial system 10 years after the Lehman bankruptcy?

The aftermath of the global financial crisis unleashed probably the biggest overhaul of financial regulations in history. But despite herculean efforts to make the financial system more resilient, commentators do still see some worrying deficiencies

More resources needed to close G20 data gaps - FSB/IMF

In their G20 Data Gaps Initiative report, the FSB and IMF said there needs to be greater resource allocation to drive improvements in data gathering

Financial firms fined $26bn for money laundering and know your customer breaches

Around the world banks racked up fines of $26bn over 10 years for breaches in money laundering and know your customer rules