Latest articles from Justin Pugsley

SFC provides guidance on best execution

SFC provides licensed firms with guidance on best execution and safeguarding client interests

China looking to include more markets in its macro-prudential assessment

The People’s Bank of China is looking to include more credit type markets in its macro-prudential assessment to better capture growing systemic risks

Basel clause could alleviate capital demands for some banks

Deutsche Bank could be a big winner on the operational capital front from a Basel III clause allowing litigation payouts to be excluded from the calculation

Bad loans continue to decline across Europe

European Commission notes progress in banks reducing non-performing loans across Europe as it contemplates measures to make banks provision better for them

Germany and France plot banking union proposals

Germany and France cooperating to drive forward banking and capital markets union

OFR heat map warns over market risk vulnerabilities

Market and macro economic risks have risen in terms of US financial system risks according to a heat map produced by the Office of Financial Research.

US benchmark interest rate is IOSCO compliant

The New York branch of the US Federal Reserve said it has made the administration of two interest rate benchmarks IOSCO compliant

European banks fined again by US regulators

CFTC teams up with Justice Department and FBI to pursue three European banks over spoofing charges

Foreign banks to draw up new resolution plans by year end

The Fed and FDIC have written to 19 foreign banks with US operations asking them to produce new resolution plans for their US units

Eleanny Wernecke

Stress tests improving, but challenges remain

Stress testing is now an integral part of the supervisory process and a recent report from the Basel Committee on Banking Supervision noted big improvements in the technique over the last 10 years, but it also highlighted some ongoing challenges