Latest articles from Justin Pugsley

IOSCO issues report on identifying wholesale market misconduct

IOSCO sets out ways of identifying and addressing market misconduct in a new report.

Global regulators seek feedback on OTC derivatives data

Global regulators launch consultation on driving common data standards for the over-the-counter derivatives market.

US banks pass CCAR and stress tests with flying colours

This year US banks passed the CCAR and stress tests with flying colours, clearing the way for big shareholder give-aways.

Fischer warns over being too complacent over financial stability

Risks to financial system currently moderate, says vice chairman of the Federal Reserve, while warning about complacency.

SEC and CFTC ask Congress for more money

The SEC and CFTC ask Congress for more money to fulfil their evolving mandates.

Basel Committee tells G20 of good implementation progress

June was a hectic month for the Basel Committee on Banking Supervision as it reported on implementation progress ahead of the July 7-8 G20 meetings and published several other reports.

Roger Rutherford web

FX code of conduct finalised despite ‘last look’ loose end

Drafting a new global code of conduct for the foreign exchange markets was quite an achievement. The big question now is, will the industry adhere to it? There are reasons for optimism. By Justin Pugsley.

Barnier Davis web

Third-country equivalence becomes entangled in Brexit politics

The EU's thinking around third-country equivalence for financial services has become bogged down in the politics surrounding the UK's exit from the EU, meaning clarifications will probably be delayed for years. By Farah Khalique.

Market data

How quants could trigger the next financial crisis

A new book claims that the complex models used by banks underestimate and misunderstand risk, and could therefore be sowing the seeds of the next financial crisis. By Justin Pugsley

JJ Mares web

European Commission seeks to turbo-charge CMU

The European Commission set out ambitious plans for driving forward the capital markets union, but much will depend on the cooperation of the EU’s other policy stakeholders if they’re to become a reality. By Justin Pugsley.