02 Apr
Chapter News

Interview with Sabine Lautenschläger, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the Single Supervisory Mechanism

Ms Lautenschläger, you have a unique role in the European Central Bank: not only do you have a say in the key ECB interest rates but, as Vice-Chair of the new banking supervision, you also monitor the institutions. Do you manage to avoid conflicts of interest between monetary policy and supervision? I am a purist in this regard, so I strictly separate both of my tasks in order to avoid conflicts of interest. Before contributing to a discussion, I...

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01 Apr
Chapter News

Remarks by the President after Meeting with Local Elected Officials and Small Business Exporters on Trade

THE PRESIDENT:  Well, as I said in the State of the Union address earlier this year, my top priority is to make sure that we continue the economic momentum that's been established, continue to grow businesses, create jobs, and make sure that we've got the kind of prosperity that is broad-based and allows people not just to get into the middle class, but ultimately to start their own businesses, start their own industries, in some cases, climb out of...

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31 Mar
Member News

New Policy May Provide Hope to Employers Frustrated by Historically High Denial Rates for High-Skilled Specialized Employee Transfers

Over the past decade, in a trend that has caused concern among many U.S. employers, denial rates for high-skilled foreign national employee transfer visa petitions have increased substantially. In fact, according to a recent report from the National Foundation for American Policy, the denial rate for L-1B high-skilled international transfer visas increased to an historic high of 35 percent in FY 2014. This represents more than a fivefold increase in denial rates since FY 2006, though there was no...

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31 Mar
Member News

Deutsche Eco USA and Bullrock enter into Joint Venture to provide integrated solar solutions

The Bullrock Corporation located in Shelburne, Vermont has announced a joint venture with Deutsche Eco USA Corp. with offices in Hoboken, New Jersey and Shelburne, VT. This joint venture will operate under the name Bullrock - Deutsche Eco Solar Ventures. The new company will be offering an integrated approach to locating potential solar sites, providing land owners a total systems solution, as well as providing power companies an easier, fully-integrated solution to the development, RFP and EPC process. The joint venture combines the global...

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30 Mar
Chapter News

EU-US trade deal: 15 EP committees have their say

The EP plays a crucial role in deciding the fate of a trade deal between the US and the EU The European Parliament is working on its position on the EU-US trade deal known as the Transatlantic Trade and Investment Partnership (TTIP). The international trade committee is responsible for drafting the Parliament's recommendations; however 14 other EP committees will contribute with their opinions. MEPs are due to debate and vote on the EP's position before summer. The trade deal, which...

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29 Mar
Chapter News

European Central Bank and Bank of England announce measures to enhance financial stability in relation to centrally cleared markets in the EU

29 March 2015 -- The European Central Bank (ECB) and the Bank of England (BoE) are today announcing a series of measures aimed at enhancing financial stability in relation to centrally cleared markets within the EU. The ECB and the BoE have agreed enhanced arrangements for information exchange and cooperation regarding UK Central Counterparties (CCPs) with significant euro-denominated business. The ECB and the BoE are today extending the scope of their standing swap line in order, should it be necessary and...

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26 Mar
Member News, News

Taking Control of Cybersecurity: A Practical Guide for Officers and Directors

This whitepaper is courtesy of EACCNY member Foley & Lardner LLP. Sony, Target, Westinghouse, Home Depot, U.S. Steel, Neiman Marcus, and the National Security Agency (NSA). The security breaches suffered by these and many other organizations, including most recently the consolidated attacks on banks around the world, combined with an 80 percent increase in attacks in just the last 12 months, have catapulted cybersecurity to the top of the list of priorities and responsibilities for senior executives and board members. The...

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26 Mar
Chapter News

International Trade Statistics 2014

International Trade Statistics 2014 provides a detailed overview of the latest developments in world trade, covering both merchandise and services trade as well as trade measured in value-added terms. A key developments section at the start of each chapter uses charts and maps to illustrate the most important trends. More detailed data are provided in a variety of tables covering specific aspects of world trade up to the end of 2013. A chapter on methodology explains how the data are...

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26 Mar
Chapter News

Digital Single Market Strategy: European Commission Agrees Areas for Action

Digital technology is part of everyday life. From studying to watching films, buying or selling online to connecting with friends or your doctor – the internet is a goldmine of digital opportunities. But every day in the EU people and companies run into many barriers – from geo-blocking or cross-border parcel delivery inefficiencies to unconnected e-services. Digital services too often remain confined to national borders. The Juncker Commission has made it a priority to remove these obstacles and create a...

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24 Mar
Member News, News

A Second Home Run? Post-Petition Interest Claims Against Certain Lehman Entities May Be a Multiple of the Underlying Derivative Claims’ Face Amount

Creditors with allowed claims against Lehman Brothers OTC Derivatives Inc. ("LOTC") and Lehman Brothers Commercial Corporation ("LBCC") have already recovered 100 cents on the dollar on account of their claims due to a surplus at those estates.  That surplus also entitles claimants to post-petition interest ("PPI") at potentially a multiple of their original claims so long as creditors demand PPI before the newly established bar date of April 24, 2015 (the "PPI Bar Date") and such claim is allowed. However,...

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