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ACCELERATES

The EACC helps facilitate growth and development of its transatlantic member organizations through strategic B2B referrals.

YOU

The EACC is here to serve you and your company’s business goals and needs, large and small. Learn what our members think here.

CONNECTS

The EACC connects its members by using its transatlantic network.

EDUCATES

Gain exclusive insights on issues crucial to doing business across the Atlantic at our seminars, keynote talks, panels, and deep dive workshops.

NAVIGATES

The EACC is here to help members navigate the transatlantic business community.

CONVENES

The EACC gives its members a seat at the table of the transatlantic business dialogue.

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TRANSATLANTIC NEWS

Chapter News

FTC | Aiming for truth, fairness, and equity in your company’s use of AI

Advances in artificial intelligence (AI) technology promise to revolutionize our approach to medicine, finance, business operations, media, and more. But research has highlighted how apparently “neutral” technology can produce troubling outcomes – including discrimination by race or other legally protected classes. For example, COVID-19 prediction models can help health systems combat the virus through efficient allocation of ICU beds, ventilators, and other resources. But as a recent study(link is external) in the Journal of the American Medical Informatics Association suggests, if...
Chapter News

IMF | US Dollar Share of Global Foreign Exchange Reserves Drops to 25-Year Low

The share of US dollar reserves held by central banks fell to 59 percent—its lowest level in 25 years—during the fourth quarter of 2020, according to the IMF’s Currency Composition of Official Foreign Exchange Reserves (COFER) survey. Some analysts say this partly reflects the declining role of the US dollar in the global economy, in the face of competition from other currencies used by central banks for international transactions. If the shifts in central bank reserves are large enough, they can affect...
Chapter News

Understanding post-referendum weakness in UK import demand and UK balance of payments risks for the euro area

1 Introduction The UK referendum on EU membership in 2016 has set the course for the most significant change to the relationship between the United Kingdom and its closest trading partners for decades. The primary interest from the ECB’s perspective is to understand the likely impact on trade of the departure of the United Kingdom from the European Union, as the United Kingdom has long been one of the euro area’s major export markets. This article reviews the development of UK import...
Chapter News

ECB | Interview with Luis de Guindos, conducted by Tonia Mastrobuoni on 27 April 2021

Are the euro area’s economic prospects likely to worsen in a scenario where coronavirus variants continue to multiply? The current situation is bittersweet. The first quarter was weaker than we expected three months ago. On the other hand, the pace of vaccination is gaining momentum across Europe. This is good news, because it will have a major impact on the economy. For the time being, it is estimated that growth will be around 4%. We expect the second half of...
Chapter News

Coronavirus: Commission proposes to ease restrictions on non-essential travel to the EU while addressing variants through new ‘emergency brake’ mechanism

Today, the Commission is proposing that Member States ease the current restrictions on non-essential travel into the EU to take into account the progress of vaccination campaigns and developments in the epidemiological situation worldwide. The Commission proposes to allow entry to the EU for non-essential reasons not only for all persons coming from countries with a good epidemiological situation but also all people who have received the last recommended dose of an EU-authorised vaccine. This could be extended to vaccines having completed...
Chapter News

ECB | What is driving the recent surge in shipping costs?

In the second half of 2020 global economic activity and trade staged a sharp rebound driven mainly by the manufacturing sector, while services sector activity was and has remained subdued. In the third quarter of 2020 global economic activity recovered swiftly as a result of the easing of the pandemic and associated containment measures as well as the significant policy support deployed at the peak of the crisis. Despite a slowdown in the last quarter of the year, reflecting a...

UPCOMING EACC EVENTS

Prospects for Transatlantic Cooperation in the Post-Covid Era

This event is brought to you by the EACC Texas.  As both the United States and the European Union seek to recover from the Covid-19 crisis, the question is whether they can build back the transatlantic agenda for a new era marked by growing competition with China, technological change, and a global climate crisis. What are the political and economic prospects for Europe given a slower vaccination rollout and a smaller stimulus package compared to the U.S.?

EU post COVID-19: ready for the ‘Roaring Twenties’?

Despite a rocky start, the vaccine rollout is now accelerating and Europe can look forward to a progressive return to normalcy in the coming months. With consumer optimism on the rise and firms investing in the re-opening, the stage is set for a sharp acceleration of economic activity in the second half of 2021.

    PARTNER EVENTS

    WORLD TRADE WEEK

    Each year, the President of the United States declares the third week of May as World Trade Week. The mission of World Trade Week NYC is to promote the importance of international trade to the New York City metropolitan area economy.

      MEMBER NEWS

      Member News

      Pirelli | Four pieces of advice for ensuring your battery is always well-charged

      It seems a paradox, but in reality it can happen that modern cars, despite being increasingly reliable and powerful, sometimes become weaker as a result of the ever-growing number of their electrical functions. Up until the 1980s, a car would often break down because of a punctured tyre or a mechanical failure. Over recent years, however, a battery malfunction has become the most common problem when a car comes to a stop on the road. There are some indisputable analyses:...
      Member News

      CLA | International Impacts of U.S. Tax Reform Proposals

      Key insights The proposal for higher corporate income tax rates, as well as significant changes to existing international tax rules, would directly impact corporate taxpayers, particularly those with foreign subsidiaries. Additional incentives have been proposed to spur clean energy, onshoring, and community-based investments. On March 31, 2021, the White House released a summary factsheet of the “Made in America Tax Plan,” a tax proposal that would generate revenue to pay for the recent “American Jobs Plan” spending proposal. The White...
      Member News

      AlixPartners | New habits die hard: How to reconnect with concerned and anxious consumers post-COVID

      Changes in consumer behaviour and attitudes may be around for some time, what can retailers do to address them? The reopening of the UK’s “non-essential” retail cohort in towns, cities and shopping centres this month feels like a confident, if carefully managed, step forward into a brave new world. Hindered by the immense initial disruption and subsequent false dawns in 2020, this is a watershed moment for the retailers who have battened down the hatches for 12 months and counted down...
      Member News, New York Related News

      Faegre Drinker | New York Department of Financial Services Issues Report on SolarWinds Cyberattack

      On April 15, 2021, the New York Department of Financial Services (NYDFS) issued a report on the recent SolarWinds cyberattack. A copy of the report is available here. NYDFS called the attack a “wake-up call” to regulated financial institutions and insurers that should cause them to immediately assess and, if necessary, improve their own cybersecurity posture in order to avoid victimization in future attacks. NYDFS characterized the SolarWinds attack as a “widespread, sophisticated espionage campaign” by Russian foreign intelligence actors that resulted...
      Member News

      Houthoff | Directives and regulations on investment firms, Taxonomy and insurance distribution and other developments

      In this News Update, we discuss some important developments concerning the IFR and IFD, sustainable finance and the EU Taxonomy, and the IDD Single Rulebook. We also look at the 2021 legislative letters of the AFM and DNB, and highlight some other financial regulatory publications. If you wish to stay informed, you can subscribe to the News Update Financial Regulatory. DNB – IMPORTANT DEVELOPMENTS CONCERNING IFR/IFD The Dutch Central Bank (De Nederlandsche Bank, "DNB") has drawn attention to developments related to the new...
      Member News

      Troutman Pepper | Cybersecurity Security Best Practices for Retirement Plan Administration

      Introduction The U.S. Department of Labor’s (DOL) Employee Benefits Security Administration (EBSA) estimates that there are 34 million defined benefit plan participants in private pension plans and 106 million defined contribution plan participants with combined assets of $9.3 trillion. Participants increasingly access their plan accounts and take actions on their plan benefits through online tools made available by plan sponsors and service providers. In fact, in 2020, the DOL finalized rules encouraging electronic delivery and disclosures of plan information. As a...

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