It’s fair to say that last Thursday’s “Basel III endgame” proposal by the U.S. banking regulators probably ruined a lot of summer vacations, with its 1,000-page reading assignment.

As we all know, this is a major development, and it is putting banks and their advisors – including law firms like ours – to work this summer to assess the new proposal and to advise on next steps. As my colleagues Jed Miller, Ivan Loncar and I note in our lead article this week, our phones have been ringing and our email accounts have been very active, as we have been reaching out to our banking clients and responding to incoming inquiries.

We hope you’ll read our article focused on the securitizations and risk transfer implications in the proposal and, remember, we’re definitely here to help. You can reach out to us here.

Daniel Meade 
Partner and Editor, Cabinet News and Views