Latest articles from Justin Pugsley

UK could remove risk-free classification on EU member state sovereign bonds

UK regulators could insist that holdings of EU member state sovereign bonds lose their zero-risk weightings in the event of a no-deal Brexit

BaFin ponders hard Brexit plans to minimise potential chaos

BaFin considers special measures in the event of a disorderly Brexit

Bank of England

BoE’s Cunliffe sees scope for deeper intervention for extreme CCP failures

A deputy governor of the Bank of England foresees some extreme circumstances where regulatory discretion could be useful to stem systemic risks in the event of a clearing house running into severe financial difficulties

FSB consults on key aspects of the TLAC standard for global banks

FSB seeks feedback on key areas of TLAC relating to global banks in a bid to refine the standard.

Basel Committee keen to revisit treatment of sovereign exposures

The Basel Committee’s latest work programme priorities include revisiting the treatment of sovereign exposures, revisions to the market risk framework, the Pillar 3 disclosure framework and accounting provisions.

Banks struggling with data integration due to fast pace of regulatory change

Data is key to complying with a growing raft of ever more demanding and granular rules. However, a new survey finds that banks are struggling with integrating their regulatory workflow data due to the constantly changing regulatory landscape.

US agencies pass rules to shorten settlement cycle

US agencies pass rules to shorten securities settlement cycle bringing it inline with industry standards.

Jelena McWilliams sworn in as the 21st FDIC chair

Trump appointee Jelena McWilliams formerly replaces Martin Gruenberg as chair of the FDIC

Trump nominates Elad Roisman as SEC commissioner

Elad Roisman nominated by President Trump as commissioner at the SEC

EBA publishes final ITS draft on supervisory disclosures

In a bid to improve consistency and transparency, the EBA has published its final draft amending Implementing Technical Standards.