Latest articles from Justin Pugsley

Steven Mnuchin web

US Treasury lays out road map for Dodd-Frank reforms

In its review of Dodd-Frank, the US Treasury has come up with a comprehensive set of proposals and has given considerable thought to implementation – which will involve circumventing the Senate as much as possible. By Justin Pugsley.

Guido Cozzi web

Moody’s downgrade of China – settling to a new normal?

Improvements to China’s regulatory system and better data could result in a more realistic reflection of China’s economy – but, ironically, this adjustment of previously inflated figures could look like a slowdown. By Guido Cozzi, professor of macroeconomics at the University of St Gallen.

Banco Popular web

EU resolution regime aces Banco Popular test amid criticism

Despite earlier concerns over the eurozone’s complex bank resolution mechanisms, the rescue of Banco Popular worked admirably, though it has raised some questions. By Justin Pugsley.  

Tommaso Di Ruzza web

AIF spearheads Vatican drive to comply with global rules

The Vatican City’s financial regulator is unique being based in the world’s smallest state and oversees just one institution. Yet that shouldn’t downplay the supervisory challenges it faces. By Justin Pugsley.

Darcy Bradbury

ISDA delegates vote capital levels and failing CCPs top priorities

Capital levels and resolution, and recovery plans for central counterparty clearing houses (CCPs) should be the main regulatory priorities for policymakers, according to a snap poll of delegates taken at a leading derivatives conference. By Justin Pugsley.  

G7 calls for stronger co-operation against cyber-crime

G7 calls for more co-operation in fight against money laundering, terror financing and cyber-crime, and talks up fairer taxation policies.

ICAEW: investors rely too much on regulatory ratios

The Institute of Chartered Accountants in England and Wales called for tougher auditing of banks as it believes investors put too much faith in regulatory ratios.

IMF calls on New Zealand to strengthen supervision

New Zealand’s banking system is basically in good shape, but the IMF nonetheless warns over vulnerabilities and calls for a strengthening of the country’s macro-prudential framework.

China’s shadow banking products come under more scrutiny

The China Banking Regulatory Commission makes another regulatory assault on the country’s mushrooming wealth management products sector as it seeks to address systemic concerns.

PBoC examines fintechs’ effect on financial system

China’s central bank has launched a study into the impact of the booming fintech sector on areas ranging from monetary policy through to financial stability. Justin Pugsley reports