Latest articles from Justin Pugsley

For profit exchanges have acquired monopoly powers – SEC commissioner

An SEC Commissioner calls for a study into the practices of large for profit stock exchanges in the US as he criticises their uncompetitive practices

Trade bodies propose mechanism to avoid double compliance on derivatives

Trade bodies propose safe harbour mechanism to help firms comply more efficiently with similar SEC and CFTC rules around instruments such as swaps

Simpler rules might be more effective in stamping out misconduct within Australian banks

More rules and laws may not be the best response to stamping out misconduct within Australian banks, but instead a simplification and better regulatory oversight might be more effective, says royal commissioner

ESMA consults on internal stress testing guidelines for money market funds

ESMA is consulting on a set of guidelines for the internal stress testing of money market funds covering areas such as liquidity and credit risk

Cross-border deference is a key CFTC aim amid fragmenting swaps markets

In a speech in Singapore, CFTC chairman J. Christopher Giancarlo stressed the importance of regulators showing deference towards each others' regulatory regimes for the smooth functioning of swaps markets

Overseeing cyber-currencies is a job for the CFTC, says US judge

US legal case reinforces CFTC’s oversight of cyber-currencies as it finds them to be commodities

Basel Committee discusses range of issues including regulatory arbitrage

At its meeting on Sept 19-20, the Basel Committee discussed bank window dressing of the leverage ratio, market risk frameworks and agreed to do a consultation on the leverage ratio’s impact on derivatives clearing

EU and Switzerland still struggling to clinch new treaty

The EU and Switzerland are still struggling to agree a new treaty to tidy up 120 sectoral agreements potentially threatening the Swiss stock exchange’s unfettered access to EU-based clients

FCA drops more investigations as caseload reaches record levels

The change in approach taken by the FCA has seen its caseload rise to record levels while at the same time it is dropping a record number of investigations

MiFID II rules will need reviewing after Brexit says French regulator

MiFID II will need a full review once the UK has left the EU with a senior French regulator envisaging tougher equivalence rules for third countries and foreign firms handing over more data