Latest articles from Justin Pugsley

European banks seen extending TLTRO borrowings by another year

European banks are expected to extend their borrowing from the European Central Bank’s (ECB) main liquidity support programme by an extra year due to the central bank’s decision to start tightening monetary policy, said Moody's Investors Service. 

ESMA concerns point to likely regulatory focus

Financial markets risks are at their highest level due to the deteriorating geopolitical and economic environment, said the European Securities and Markets Authority (ESMA) in an assessment update on June 9.

Resolution plans of UK’s largest banks require more work

HSBC, Lloyds Banking Group and Standard Chartered have failed to completely convince UK regulators that they could fail in an orderly fashion without disrupting their customers.

For sale signs

Bank of England makes controversial move to scrap mortgage affordability test

UK mortgage affordability test requirements by lenders will be scrapped by the Bank of England (BoE) from August 1 in a move that has raised concern in some quarters, though the loan to income (LTI) ratio limit will remain. 

Paschal Donohoe

Deteriorating economic conditions resurrect eurozone crisis fears

Soaring inflation, volatile markets and deep economic uncertainty have resurrected fears that the eurozone is being stalked by another crisis, though not all share that view.

Stephan Dreyer

ANNA driving identifier interoperability to improve digital asset market transparency

Driving interoperability between identifiers to improve transparency in digital asset markets is one of the top priorities for the Association of National Numbering Agencies. 

US Fed building

Banks ace stress tests - but next one might be harder to pass

As the prospects for the US economy darken, the stress test results published on June 23 show systemically important banks are able to swallow substantial losses if a recession materialises.

Emma Kalliomaki

New identifier helping track systemic risks in OTC derivatives on track for launch

The unique product identifier looks set to launch from late next year as major jurisdictions are managing to stay on track.


Binance scores ‘coup’ with French registration

The Autorité des marchés financiers (AMF) has granted the controversial crypto exchange Binance approval to operate in France making it the first major European country to do so.

MEPs agree position to strengthen EU green bond standards

Members of the European Parliament have agreed a position designed to stamp out ‘greenwashing’ for EU green bonds and have suggested some amendments to the European Commission’s proposal.