Latest articles from Justin Pugsley

Emma Kalliomaki

How identifiers are driving transparency in financial markets

Identifiers emerged from the 2007-09 global financial crisis as a major component of the financial system helping to drive transparency for industry and regulators. GRR talks to Emma Kalliomaki, managing director at the Association of National Numbering Agencies (ANNA) about its initiatives for rolling out identifiers in line with regulations.

Analyst

MiFID unbundling rules hurting analyst coverage of smaller listed firms

MiFID II is driving investment analysis away from smaller listed firms raising fears it could leave many of them marooned in investor obscurity and facing higher costs of equity funding

More detail on US stress testing regime to emerge in early 2019

Tweaks to the US stress testing regime means implementation is likely to be delayed, following industry feedback suggesting more refinements are needed. Justin Pugsley reports.

FSB finalises recommendations for regulators to clamp down on misconduct risk

FSB publishes final recommendations to help supervisors drive better conduct within financial institutions

G20 reforms have not negatively impacted infrastructure finance, says FSB

G20 reforms are not the primary reason for constraining infrastructure finance from banks, said the FSB, instead attributing it to other factors such as the macro-financial environment

Final report suggests OTC derivatives reforms working

Three global standard setting bodies issued their final report on OTC derivatives reforms suggesting they have mostly met the G20 goals, but also concede some tweaks might be beneficial

Correspondent banking relationships with developing countries still declining, says FSB

The number of correspondent banking relationships involving some developing countries is continuing to decline says the FSB although its action plan to address the situation is now largely in place  

FSB completes cyber lexicon

FSB completes cyber lexicon for regulators and financial institutions outlining around 50 core terms relating to cyber security and cyber resilience

FSB: number of G-SIBs declines by one

The number of G-SIBs has fallen by one in the FSB’s latest classification with two leaving the list and one joining

UK banks perform well in Bank of England stress tests

According to the Bank of England’s latest stress tests, the UK’s seven largest lenders could withstand a downturn more severe than the one a decade ago or a disorderly Brexit and still be able to keep credit flowing to the economy