Welcome to this week's edition of Cabinet News and Views covering topics ranging from regulatory insights on bank failures and the benefits of having adequate capital to remain resilient to market shocks, to calls for reform in agricultural subsidies, and advancements in sustainable investments and ESG initiatives.

My colleague Peter Malyshev, joined by Maurine Bartlett and Nikita Cotton, explore the recent clarifications made on September 19, 2023, regarding the jurisdictional boundaries between the Commodity Futures Trading Commission and Securities and Exchange Commission in the regulation of swaps and security-based swaps. They dissect the impact of these regulatory delineations on the financial industry.

I summarize the recent remarks by Michael Barr, the Federal Reserve Board's Vice Chair for Supervision, regarding his view on the costs and benefits of the Basel III Endgame Proposal.

Alix Prentice offers insights into the recent publications by the Basel Committee on Banking Supervision and the Financial Stability Board concerning lessons learned from bank failures in 2023. Alix’s analysis sheds light on the potential implications of these reports on regulatory frameworks and the banking industry.

Sukhvir Basran, joined by Timbre Shriver, detail the proactive steps taken by the Farm Animal Investment Risk & Return Initiative in calling upon G20 Finance Ministers to reform agricultural subsidies regimes. In addition, Sukhvir and Ludovica Veltri provide an in-depth examination of the sustainable finance landscape with the launch of new ESG tools and initiatives by Euronext.

We’re always here for comments and questions. Just drop me a note here. 

Daniel Meade 
Partner and Editor, Cabinet News and Views