Latest articles from Justin Pugsley

SFC consults on its conduct expectations for book building and placement activities

The Hong Kong Securities and Futures Commission (SFC) is asking for feedback on its clarifications on the conduct standards it expects from intermediaries in equity and debt capital raisings. 

Fed gearing up to incorporate climate risks in regulatory framework

The Federal Reserve is striving to better understand climate-related risks and how to incorporate them into its supervisory framework, following the creation of its Supervision Climate Committee (SCC).

SEC considering driving more transparency around short selling

The US Securities and Exchange Commission (SEC) is pondering on whether to introduce new rules to drive greater transparency around the short selling of stocks. 

Daleep Singh leaves New York Fed to become a security advisor

Daleep Singh, the former head of the markets group at the Federal Reserve Bank of New York, has left to join the Biden administration as deputy national security advisor and deputy national economic council director.

BLM-National Bank of Rwanda 231127182

Credit risk and operational resilience named as National Bank of Rwanda’s top supervisory priorities

Gaining more insight into the credit risk profiles, the capital strength and operational resilience of Rwanda’s banks are among the top supervisory priorities for the nation’s central bank, as the sector adapts to remote working to help curb the spread of the covid-19 pandemic.

ECB says Covid-19 has reduced eurozone banks' recovery capacities

One of the key findings from the economic shock caused by the Covid-19 pandemic is that it may have significantly reduced the overall recovery capacity of eurozone banks, the European Central Bank (ECB) warned in its February supervisory newsletter.

GET-Ashley ALder 144996504

Regulators to give climate finance a bigger push

National supervisors and The International Organization of Securities Commissions (IOSCO) are looking at more coordinated and accelerated efforts to push forward the climate finance agenda, said Ashley Alder, chief executive officer at Hong Kong’s Securities and Futures Commission (SFC). 

JAIDEV_3_pp (1)

UK banks fret over operational risks relating to negative interest rates

The threat of negative interest rates continues to hover over the UK banking system, with the topic once again being raised in the Bank of England’s monetary policy committee minutes of February 4 an unwelcome reminder for banks already struggling with a tough economic environment. 

EBA publishes final draft on Pillar 3 disclosures by large banks

The final draft for implementing technical standards (ITS) for the disclosure of indicators of globally systemic institutions (G-SIIs) have been published by the European Banking Authority (EBA).

BLM-ECB 351570299

Not all doom and gloom for eurozone banks according to ECB's SREP

Credit risk, poor profitability and internal governance issues at eurozone banks were prominent themes in the European Central Bank’s (ECB) 2020 Supervisory Review and Evaluation Process (SREP), but some positive trends were also highlighted.