Latest articles from Justin Pugsley

Mortgage default

Bank of England paper promotes ‘triple trigger’ theory for mortgage defaults

A Bank of England working paper further challenges the ‘option theory’ for mortgage defaults and finds the widely accepted ‘double trigger hypothesis’ to be potentially lacking as an explanation for non-payment

Bank dealing room

Norges Bank paper warns of faults with Libor replacements

A working paper from the Norwegian central bank points to some important flaws related to the alternative interest rate benchmarks being primed to replace the discredited Libor.

Facebook’s Libra coin faces big regulatory hurdles

Authorities around the world are rounding on Facebook’s digital currency, the Libra, potentially threatening its launch. 

ESMA consults on consolidated tape

The European Securities and Markets Authority (ESMA) is consulting on the consolidated tape concerning prices for pre- and post-trade equities data. 

BaFin prepares for 'no deal' Brexit

Germany’s federal financial supervisory authority, BaFin, has implemented more than 50 laws in the event the UK leaves the EU on October 31 without a withdrawal agreement. 

EU approves key Singapore financial benchmarks

The European Commission has approved certain Singaporean financial benchmarks meaning that companies in the EU can continue using them for trading derivatives products that are linked to them.

Open API initiative progressing in Hong Kong

The open Application Programming Interface (API) framework is progressing towards the next phase, said the Hong Kong Monetary Authority (HKMA), with 20 retail banks participating. 

French regulators clarify mandate for climate and sustainable finance committee

The climate and sustainable finance committee set up by France’s financial regulators will act to facilitate the mobilisation of capital to foster a sustainable economy. 

AMF to study impact of MiFID II rules on investment research

The Autorité des Marchés Financiers (AMF) is looking at how the markets in financial instruments directive (MiFID) II has influenced the market for investment research and in particular the impact it has had on analyst coverage of smaller listed companies.

FDIC warns of risks to US banking system

The Federal Deposit Insurance Corp’s 2019 risk review has drawn attention to areas of concern in the US economy.