Chapter News

Back to Schengen: Commission proposes Roadmap for restoring fully functioning Schengen system

The Commission today presented a detailed Roadmap of the concrete steps needed to return order to the management of the EU's external and internal borders. The creation of the Schengen area without internal borders has brought important benefits to European citizens and business alike, yet in recent months the system has been severely tested by the refugee crisis. The European Council of 18-19 February set the clear mandate of restoring the normal functioning of the Schengen area, and to...

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New York Related News

Governor Cuomo Launches Year Three of 43North the $5 Million Startup Competition

Program Offering $5 Million in Cash Awards Accepting Applications Now Through May 31, 2016 Governor Andrew M. Cuomo today announced that applications are now being accepted for the third year of 43North. The $5 million competition attracts entrepreneurs from around the world to compete for prizes that turn startups with high growth potential into funded enterprises in the Western New York region. "After two years, the 43North competition has attracted some of the world's brightest and most innovative entrepreneurs to Buffalo and...

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Chapter News

EU Climate Action and Energy Commissioner Miguel Arias Cañete on the follow-up to COP21 at the public session of the Environment Council

Speech by Commissioner Miguel Arias Cañete: follow-up to COP21 at the public session of the Environment Council Ministers, It is a pleasure to address you today following the adoption of the Commission's Communication on the Paris Agreement and its implications for EU climate and energy policy. I would like to thank Minister Dijksma and the Presidency for preparing their headline reading of the Paris Agreement which is also important for today's discussion. We have already reflected on the historic achievement of Paris and the...

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Chapter News

FACT SHEET: President’s Budget Proposal to Advance Mission Innovation

In November, President Obama and other world leaders came together in Paris to launch Mission Innovation, a landmark commitment to dramatically accelerate public and private global clean energy innovation. Through the initiative, 20 countries representing at least 80 percent of global clean energy research and development (R&D) budgets committed to double their governments’ R&D investments in this domain over five years. These additional resources will dramatically accelerate the availability of the advanced technologies that will define a future global energy...

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Chapter News

Central banks and digital currencies by Ben Broadbent Bank of England

Speech by Ben Broadbent Deputy Governor, Monetary Policy Bank of England at at London School of Economics | March 2, 2016 This morning I’m going to talk about money. This should be a routine topic for a central banker, particularly one whose job title includes the word “monetary”.  It’s nonetheless ground on which one treads with a bit of trepidation.  That’s partly because some of the big questions involved – what money is, why it exists, how and by whom its...

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Member News

“Bad Boy Guarantees” May Cause Nonrecourse Loans to Be Treated as Recourse for Tax Purposes

In a recent IRS Memorandum from the Office of the Chief Counsel (ILM 201606027, the "Memorandum"), the IRS concluded that common "bad boy guarantees" may cause otherwise nonrecourse loans to be treated as recourse loans for tax purposes. Such treatment may prevent non-guarantor investors in real estate development and other partnerships from being allocated losses in excess of their invested capital that they otherwise would have expected and could, if retroactively applied, result in adverse tax consequences to such...

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Member News

February CMBS/CMBX Trading in Review

For those who see the glass as half full, we are happy to offer up this faint praise for February: at least it wasn't January. As everyone painfully recalls, January saw its worst month in years with US stocks down more than 5%, oil prices collapsing, and, for CMBS, noticeable spread widening and a consistently pessimistic tone. For the broader markets, February brought some modest relief with stocks eking out a small monthly gain and oil prices stabilizing (albeit at a...

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Chapter News

Rutte: To get the most from the single market, we need to do a lot more

At the BUSINESSEUROPE Day in Brussels today, Prime Minister Mark Rutte spoke about the challenges facing the EU single market. The single market has already brought member states many benefits, but its huge potential is still not being fully exploited. The theme of the day was ‘reform to perform’. Many EU companies are opting to do business with the US or Far East, rather than with the 500 million consumers on their doorstep. EU rules that should be assisting them...

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Chapter News

Vice-President Jyrki Katainen’s speech at the Atlantic Council, Washington D.C. “A roadmap for European growth”

Excellencies, colleagues and friends It is a real pleasure to be at the Atlantic Council with its strong tradition of bringing together leaders from Europe and the United States. We always have plenty to talk about! I'm particulary pleased to see Jose-Manuel here, who guided us through perhaps the most difficult period in Europe's recent history. I joined the Commission right at the end of his second mandate in the summer of 2014. We had already come a long way since the...

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New York Related News

Governor Cuomo Announces Launch of New NY Broadband Program

CFA Portal now accepting applications for the New NY Broadband Program Program will provide high-speed internet access for all New Yorkers by the end of 2018 Governor Andrew M. Cuomo today announced the launch of the New NY Broadband Program’s Consolidated Funding Application Portal, which is now accepting applications for the Request for Proposals issued on Jan. 8. The $500 million program, which provides funding for high-speed internet access to unserved and underserved areas across the state, is the largest and...

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