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EDUCATES

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TRANSATLANTIC NEWS

Chapter News

ECB | President Christine Lagarde to Step Down in Early 2027

ECB President Christine Lagarde to Step Down in Early 2027 FRANKFURT AM MAIN — On October 29, 2026, European Central Bank President Christine Lagarde formally announced that she will step down from her position on February 7, 2027. President Lagarde has officially notified the ECB Governing Council and European Council President António Costa of her upcoming departure to ensure an orderly, transparent transition period for eurozone monetary leadership. Compliments of ECB 
Chapter News

FSB | Sound Practices for Responsible Adoption of Artificial Intelligence (AI): Final report

The 12 sound practices emphasise the importance of organisation-wide AI governance and highlight considerations for managing risks throughout the AI lifecycle. The sound practices aim to promote coordination, cooperation and information-sharing among financial institutions, supervisors and other stakeholders, within and across jurisdictions, as AI adoption increases. The FSB strongly encourages the board and senior management of financial institutions to reference the sound practices when developing and refining their institution’s AI governance, risk management and control frameworks. The Financial Stability...
Chapter News

World Bank | Commodity Prices Set to Increase by 23% in 2026 as Global Shocks Mount

Energy prices to rise 32% in 2026; food commodity prices to climb 18% in 2026–27 Commodity prices are set to rise 23% in 2026 as global shocks mount, according to the World Bank Group’s latest Commodity Markets Outlook, released today. The conflict in the Middle East has drawn down oil inventories and is set to push energy prices to a four-year high. Meanwhile, disrupted grain shipments and El Niño threaten harvests and food affordability. With oil stocks depleted, the world...
Chapter News

World Bank | The Looming Global Youth Job Crisis

The World Bank warned of a 1.2 billion youth influx into the global job market over the next 15 years. Current economic projections indicate the global market will fall severely short, generating only 400 million available jobs. Remarks by World Bank Group President Ajay Banga at the 2026 Annual Meetings Plenary Let me begin by thanking the Prime Minister and the people of Thailand for your generous hospitality. Deputy Prime Minister, Governor—thank you for the care and hard work you and...
Chapter News

ECB | Lending Survey October 2026

In the latest bank lending survey, conducted between 21 September and 6 October 2026, banks reported on changes in bank lending conditions and loan demand from firms and households during the third quarter of 2026, along with their expectations for the fourth quarter of 2026. Further tightening of credit standards for loans to firms and consumer credit, owing to higher risks Decline in loan demand across all segments, driven mainly by higher interest rates Gradual but sustained increase in...
Chapter News

FSB | Sound Practices for Responsible Adoption of Artificial Intelligence (AI): Final report

The FSB finalized 12 sound practices to guide global financial institutions in responsibly adopting artificial intelligence. The framework addresses rising market vulnerabilities linked to frontier AI models. Financial institutions have long used AI tools, but rapid advances – particularly in generative AI (GenAI) and agentic AI – have generated significant interest. This report sets out 12 sound practices financial institutions are encouraged to consider to facilitate their responsible adoption of AI. The 12 sound practices are organised into two groups which: emphasise...

UPCOMING EACC EVENTS

Cross Border Wealth Planning for International Families: Update on U.S., EU, and Global Rules

As global mobility, cross‑border wealth structures, and regulatory expectations continue to evolve, multinational families face a rapidly shifting landscape in financial planning. This year’s program provides a comprehensive, transatlantic perspective - covering U.S., EU, and key third‑country considerations - to help globally mobile families navigate new tax rules, legislative proposals, and planning strategies. Participants will gain practical insights into structuring cross‑border trusts, managing international assets, addressing family financial issues, and adapting to ongoing regulatory and geopolitical developments.

    PARTNER EVENTS

    PKF International Business Conference

    Hosted by PKF O' Connor Davies | Join us in-person or virtually for an exclusive event exploring business, tax, technology and risk issues shaping cross-border activity. Hear from industry leaders and advisers as they share practical insights and global perspectives on international banking, private-client planning and mobility, M&A, AI and cybersecurity and tax considerations across Latin America, Spain and the United States.

      MEMBER NEWS

      Member News

      Brunello Cucinelli | Raises 2026 Forecast Amid Industry Slump

      MILAN, Italy — While the global luxury sector faces a pronounced slowdown, Italian high-fashion house Brunello Cucinelli continues to demonstrate remarkable financial resilience. The brand announced it is raising its full-year 2026 sales growth expectations to 12%, bucking the downward economic trends currently plaguing massive multi-brand conglomerates like LVMH. Exceptional Third-Quarter Performance The upward revision follows a stellar third-quarter financial report. Driven by sustained demand across international markets, the luxury label achieved a 13.5% surge in third-quarter revenue, with sales reaching...
      Member News

      Flen Health | Medical Innovation Closer to U.S. Approval

      Belgian biopharmaceutical pioneer and EACCNY premium member Flen Health has achieved a critical regulatory milestone in its expansion into the United States healthcare market. The company announced a successful pre-IND (Investigational New Drug) meeting with the U.S. Food and Drug Administration (FDA) for its highly anticipated topical drug candidate, VES gel. The advanced, enzyme-based formulation is designed specifically to treat chronic diabetic foot ulcers, a widespread and severe medical condition that currently lacks highly effective, rapid-healing therapeutic options. Following positive alignment...
      Member News

      Synthec Fuels AG | $1.5 Billion U.S. Green Fuel Expansion

      German biofuel company Synthec Fuels AG announced a massive $1.5 billion expansion into the U.S. to build a sustainable aviation fuel (SAF) refinery in Hayward, WisconsinSupported by a $120 million tax incentive package, the facility will partner with Johnson Timber to convert 900,000 tons of woody biomass into 50 million gallons of eco-friendly jet fuel annually. The project serves as a major economic game-changer for the region's rural economy. The incentive package was signed into law specifically to target the...
      Member News, New York Related News

      CEA Legal | Real Estate – Corporate – Blockchain & Crypto

      Real Estate The pied-à-terre tax: what owners should know now New York's first pied-à-terre tax took effect July 1, 2026. It is an annual surcharge on New York City homes worth more than $5 million that are not the owner's primary residence. Exemptions cover homes used as the primary residence of an owner, or of an owner's parent or child, and units rented to a full-time city resident. The rollout has been contested. In September, a Staten Island court ordered the city...
      Member News

      PwC | Executives Prepare for Rising Cybersecurity Budgets as AI Threats Grow

      More than four-fifths (84%) of surveyed security and finance leaders expect cyber budgets to rise over the next twelve months—up from 78% last year—as nearly three-fifths (58%) cite AI in their top cyber budget priorities Even as frontier AI models are rolled-out, less than two-fifths (39%) have a fully formalised and operational continuity plan that specifically addresses cyber risks Half (50%) identify attacks targeting AI systems among the cyber threats they’re least prepared to address, yet just over...
      Member News

      LVMH | US Demand Supports LVMH in the Third Quarter

      LVMH Moët Hennessy Louis Vuitton, the world’s leading high-quality products group, recorded revenue of €57.1 billion in the first nine months of 2026. Organic revenue growth came to 2%. Backed by its diverse range of businesses, LVMH remained very solid in an uncertain geopolitical and economic environment, and maintained its innovative momentum. In the third quarter, organic revenue growth reflected the impact on business activity of a less buoyant environment in China, while the United States, Europe and Japan saw...

      Latest & Leading

      New Micropodcast Series: What’s Happening Across the Atlantic

      The EACCNY is happy to announce the launch of its “What’s Happening Across the Atlantic” series, an initiative that aims to offer our members and wider audience hands-on updates on current affairs and policy developments on both sides of the pond. In these 3-5 minute segments, EU and US policy makers and experts along with a select group of EACCNY members will answer a single timely question: What’s Happening Across the Atlantic” focusing on a specific topic that is relevant to our audience.

      Member Spotlight

      Levine Keszler is an independent French corporate law firm founded in 2018, providing agile, high-quality legal services for complex transactional operations. The firm offers tailored solutions with deep market insight, combining flexibility and precision to meet client needs across diverse industries. As a member of the European American Chamber of Commerce New York (EACCNY), Levine Keszler actively fosters transatlantic business connections and contributes to discussions on regulatory trends, ESG frameworks, and corporate governance. With expertise in cross-border transactions and sustainable investment strategies, the firm delivers global perspectives grounded in local knowledge. Amid recent unrest in France, Levine Keszler remains committed to resilience, stability, and supporting its community.

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      EACCNY in Numbers

      Other EACC Chapters

      EACCNY Presidential Circle and Platinum Members

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