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Business as Usual?
November 10, 2022

So with all the speculation about a “red wave” and all of the millions and millions of advertising dollars spent on the U.S. midterm elections, we appear to have ended up right where we started: in pretty much a deadlock in the U.S. Senate and the House of Representatives, albeit with some gavels possibly switching hands. 

And that, of course, suggests that all the predictions − including mine − on what a big victory by the Republicans or a hold-the-ground performance by the Democrats would mean for bank regulatory and other financial services issues have led us back to the day-to-day business of financial regulation, including crypto-assets, ESG, consumer protection and all the usual favorites on the hit parade.

Perfect case in point: the precarious position of Bahamian-based crypto exchange FTX. This is a major story, and we take a closer look at what happened to FTX, the scuttled acquisition discussions with Binance, insolvency issues and the broader implications around oversight. Be sure to read our in-depth analysis.

Daniel Meade 
Editor, Cabinet News and Views

Partner | White Collar Defense and Investigations
Associate | White Collar Defense and Investigations
Associate | Financial Restructuring

In an unwelcome reminder of the events that unfolded in the wake of the May 2022 crypto market collapse, Bahamian-based crypto exchange FTX is reportedly on the brink of collapse following an unexpected surge in customer withdrawals and a failed deal with competitor Binance. 

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Partner | Financial Regulation

At the end of last week, the Federal Reserve Board issued its semi-annual Financial Stability Report.

Read More »

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Daniel Meade
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