Latest articles from Justin Pugsley

John Glen

Financial services firms call for strong UK competitiveness mandate

In response to new legislation, representatives of UK financial services companies are calling on the government to beef up its competitiveness objective as the country prepares to rip up swathes of EU rules.

ESG globe

Consultations are a chance to drive common ESG standards

A series of consultations by the EU, US and the new International Sustainability Standards Board are an opportunity to drive greater harmonisation in ESG standards, according to financial firms and regulators.

Do Kwon

Stablecoin contagion fears likely to spur regulatory clean-up

Signs of contagion among stablecoins are likely to prompt a rapid clean-up of the sector by regulators concerned that problems in the sector could infect traditional financial markets.  

Jean-Claude Trichet

New threats to financial stability rapidly emerging

The Covid-19 pandemic is barely winding down and already prominent global bodies are sounding warnings over new dangers to financial stability, this time relating to soaring inflation, rising interest rates, emerging market vulnerabilities and the war in Ukraine.

UK-listed companies will have to explain lack of senior management diversity

Companies listed in the UK will have to disclose the diversity of their boards and executive committees, according to finalised rules published by the Financial Conduct Authority (FCA) on April 20.

UK Treasury launches transition plan taskforce to drive corporate sustainability

A UK Transition Plan Taskforce with the aim of creating a pathway for large UK companies to reduce their carbon emissions has been launched by the UK Treasury. 

Bill Hwang

SEC charges Archegos executives with fraud and market manipulation

Senior executives from the failed hedge fund Archegos Capital Management, including its former owner Bill Hwang, have been charged by the Securities and Exchange Commission (SEC) with fraud and misleading counterparties. 

US, UK and EU authorities discussed resolving G-SIBs

On April 23, the heads of resolution, regulatory and supervisory authorities, central banks, and finance ministries of the US, UK, and EU met for a regular coordination exercise on cross-border resolution planning, the Federal Deposit Insurance Corporation (FDIC) said in a statement. 

CFTC to hold public roundtable on derivatives non-intermediation

A public roundtable is to be held on May 25 by the Commodity Futures Trading Commission (CFTC) to discuss issues around the non-intermediation of derivatives trading and clearing.

Bond markets

Study finds Paris agreement has pushed up yields on bonds issued by carbon intensive firms

Firms with poor environmental records or a high carbon footprint are already facing higher costs due to a hit to their credit ratings and investor squeamishness towards buying their debt, finds a study published by the Federal Reserve Bank of New York.