This paper has been prepared by the 'The Inquiry into the Design of a Sustainable Financial System' team as the second progress report on the Inquiry’s ongoing work. It is a follow up to the first update ‘An Invitation’. The report draws on work of many others, including Council Members, Special Advisors and Participant-Observers, country partners and wider networks, commissioned work and publications cited in the text, as well as interview participants in the Inquiry’s scenarios work. Quotes from Council Members in the text are drawn from the 2nd Advisory Council Meeting held in New York on September 26th. The briefing describes what the Inquiry has found to date in their ground-level engagement in diverse country contexts from Bangladesh to Brazil, China, South Africa, the US and Europe, as well as setting out initial scenarios work framing the Inquiry's analysis of what it takes to create a sustainable financial system. This paper is also available in Mandarin.