08 Jan
Chapter News, News, Trade & TTIP Related

European Commission publishes TTIP legal texts as part of transparency initiative

Brussels, 07 January 2015 The European Commission today published a raft of texts setting outEU proposals for legal text in the Transatlantic Trade and Investment Partnership (TTIP) it is negotiating with the US. This is the first time the Commission has made public such proposals in bilateral trade talks and reflects its commitment to greater transparency in the negotiations. 'I'm delighted that we can start the new year by clearly demonstrating through our actions the commitment we made to greater transparency...

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06 Jan
Member News, News

Got Shale? What Could Declining Oil Prices Do to CMBS?

The price of oil dropped several more percentage points on Monday, falling below $50 for the first time since 2009. We do not pretend to be experts in Texas or Oklahoma geography, but we did take a crack at trying to put together a list of loans in certain geographies that could be affected by plummeting oil prices. Our analysts started by creating a list of zip codes that fell within the shale drilling areas. (One such shale map is here). From there,...

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06 Jan
Chapter News, News

Atlantic Council: 2015 A Make or Break Year?

2015: A Make or Break Year? 2015 promises to be a pivotal year for the TTIP negotiations, and global trade generally. After a (hopefully) restful holiday season, a new Congress is coming to a snow-covered Washington today -- and the European Union is returning to work in Brussels to outline its goals for 2015. Trade is high on both agenda, as it should be. Difficult election campaigns in Greece, Spain, the UK and (next year) the United States mean that significant...

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06 Jan
Chapter News, News

A successful start for the euro changeover in Lithuania

European Commission - Fact Sheet | Brussels, 06 January 2015 On 1 January 2015, Lithuania adopted the euro as its official currency and the changeover is running smoothly and according to plan. The previous national currency – the litas – will be phased out during a transitional two-week dual circulation period when both currencies have legal tender status in Lithuania. By Saturday, 3 January, 89% of customers were getting their change in euro. No major problems were observed in banks...

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02 Jan
Chapter News, News

Stability and Prosperity in Monetary Union

Opinion piece by Mario Draghi, President of the ECB, for Project Syndicate, 2 January 2015 There is a common misconception that the euro area is a monetary union without a political union. But this reflects a deep misunderstanding of what monetary union means. Monetary union is possible only because of the substantial integration already achieved among European Union countries – and sharing a single currency deepens that integration. If European monetary union has proved more resilient than many thought, it...

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29 Dec
Member News, News

Crimea and Sevastopol – Substantial EU additional sanctions on investment, services and trade

In order to strengthen the EU’s policy of not recognising the annexation of Crimea and Sevastopol by Russia, the Council of the European Union has decided to reinforce the package of restrictive measures adopted on 23 June1 and 30 July2 targeting cooperation and exchanges with those regions. The recent Council Regulation (EU) No 1351/20143 (hereinafter the “New Regulation”) substantially broadens the former restrictions, notably the scope of the ban on investments. Enlargement of the scope of the EU restrictive measures...

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29 Dec
Chapter News, New York Related News, News

Governor Cuomo And Mayor De Blasio Announce Integrated Flood Protection System Study And Design For Red Hook

State and City each commit an initial $50 million to launch the initiative, which will make the Brooklyn waterfront community more resilient – part of comprehensive, citywide resiliency plan NEW YORK—Governor Andrew M. Cuomo and Mayor Bill de Blasio today announced a Request for Proposals (RFP) for the study and design of an integrated flood protection system (IFPS) in the Red Hook neighborhood of Brooklyn. The project, for which the City and State are each committing an initial $50 million,...

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23 Dec
Member News, News

TRIA – When the Ball Drops, No Need to Panic But…

By Frederick J. Pomerantz and Aaron J. Aisen on December 23, 2014 At exactly 12:00 a.m. on January 1, 2015, the New Year will be celebrated amidst ball drops and renditions of “Auld Lang Syne.”  However, amidst the celebrations, the Terrorism Risk Insurance Act (TRIA) will expire.While there is a very real possibility that Congress will pass legislation renewing it in some form when the 114th Congress convenes in January 2015, insurance companies and their insureds are already feeling the...

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22 Dec
Chapter News, News

EU Council is looking at Investment challenges for Europe

European Council Conclusions - 18 December 2014  It was the first European Council chaired by Donald Tusk as President and it followed a shorter format, a '1-day summit'. It allowed EU leaders to take clear decisions and set firmer orientations on: Investing in Europe EU leaders looked at ways of improving the investment environment in Europe and said that this improvement was needed to reinforce structural reforms and fiscal consolidation carried out by member states. European Fund for Strategic Investment (EFSI) They backed...

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21 Dec
Member News, News

Photovoltaics in Print: Foil could be used on external facades

An Austrian research consortium will focus on the further development of photovoltaic foils over the next three years. In the future such foils should be able to be printed at a speed of 40 meters per minute. An Austrian research consortium will focus on the further development of photovoltaic foils over the next three years. In the future such foils should be able to be printed at a speed of 40 meters per minute. The already-patented core innovation of the company...

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