20 May
Chapter News

EU Commission presents annual review of EU’s financial stability and integration

European Commission services have today published their annual European Financial Stability and Integration Review (EFSIR) report, which takes stock of recent developments in financial markets and the financial sector. The report highlights a positive trend in the recovery of the European economy, in spite of the challenging economic and political environment. It identifies private consumption as the main driver for growth, supported by improved bank funding and a better regulatory and supervisory framework. EU banks are much more stable today...

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19 May
Member News

Trepp: Stocks Bounce Back Modestly; CMBX Spreads Tighten

The seemingly endless supply of bad news for retailers was halted (at least temporarily) over the last 48 hours. Target released positive results on Wednesday, and Walmart did the same yesterday. Not that either report will do much to change perception in the near term for Macy's, Sears, Dillards, and others, but it is good to know that someone can still make a buck selling through brick-and-mortar channels. (However, it wasn't all candy and roses as recently released Bon-Ton...

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19 May
Chapter News

Despite Economic Growth, Euro Area Financial Integration Stalled During 2016

Mixed developments underline importance of ambitious capital markets union and completion of the banking union New quality indicator shows limited private cross-country risk-sharing Development of more pan-European banks could help financial integration and foster risk-sharing via retail credit markets Overall financial integration in the euro area stalled last year, the European Central Bank’s (ECB) annual report on Financial Integration in Europe shows. The report was published today at a joint conference with the European Commission in Brussels. After some...

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19 May
Chapter News

European Parliament Plenary Overview: Brexit, Globalisation, Food Waste, and Online Subscriptions

From a debate on Brexit negotiations to refugee relocation and the situation in Hungary: read our overview of this week's plenary session. Brexit During Wednesday's debate on the European Council of 29 April dedicated to Brexit, MEPs welcomed the unity shown by EU countries ahead of negotiations with the UK, but also insisted on a reform of the EU taking place at the same time. Hungary MEPs criticised the “serious deterioration" of the rules of law and democracy in Hungary on Wednesday and adopted a...

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18 May
Member News

DS-Concept Funds Netherlands Sub Of Us-Based Tech Products Distributor

DS-Concept has recently on-boarded a major global provider of technology products that sells networking hardware, telecommunications equipment and high-tech services. The company is headquartered in New Jersey and averages $40 million in sales annually. The company approached DS-Concept to fund their European sales originating from their subsidiary in the Netherlands. While established in the U.S. for over ten years, the European subsidiary has been in operation for under two years and, because of their relatively short sales history, they had...

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18 May
Member News

News Update Netherlands – EU New York edition

Big Data and value based thresholds in the EU Authorities in Europe are debating the role of Big Data in merger control. The debate has been triggered by a concern about the market power that companies can obtain from their ownership of data - perhaps helped by strong feelings about privacy issues - and the frustration that certain high value deals involving Big Data companies nearly escaped European merger control.  Read Houthoff Buruma's briefing on this topic here. Houthoff Buruma's vision on...

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18 May
Chapter News

Developing Europe’s Payment Landscape: Speech by Yves Mersch

Speech by Yves Mersch, Member of the Executive Board of the ECB, at the Deutsche Bundesbank’s payment and securities settlement symposium 2017, Frankfurt am Main, 18 May 2017 Fintech has created the potential for the design and implementation of innovative financial services that can better serve users’ needs in terms of speed and convenience. Innovative developments that lead to better services can support commerce, in particular e-commerce, as well as productivity and income growth. To fulfil its mandate under the Treaty,...

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17 May
Brexit News, Chapter News

European Parliament MEPs welcome unity on Brexit and call for reform of the EU

MEPs welcomed the unity of the 27 Member States and the EU institutions with regard to Brexit and also called for a reform of the EU to benefit all its citizens. The President of the European Council Donald Tusk presented to MEPs the Guidelines for Brexit negotiations agreed by the Member States at the summit on 29 April. He welcomed the alignment with the ‘red lines’ set by the European Parliament. The detailed negotiating mandate will be presented for adoption...

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17 May
New York Related News

Governor Cuomo Announces $4.2 Million in Federal Funding Secured to Expand New York’s Apprenticeship Program

Governor Andrew M. Cuomo today announced that $4.2 million in federal funding is available to support the expansion of New York's Apprenticeship Program. This investment will increase the state's ability to establish new registered apprenticeships by working with Regional Economic Development Councils and other workforce development partners to continue fostering the skilled workforce needed to fuel business growth in emerging industries. "These critically important apprenticeship programs are the gateway to good-paying jobs that are the bedrock of New York's middle class,"...

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17 May
Chapter News

Every Woman Counts: Gender Budgeting in G7 Countries

By Christine Lagarde Finance ministers and central bank governors from the G7 countries met in Bari, Italy, this weekend to consider global economic issues, including steps to maintain economic stability and improving gender equality as important agenda items. Women’s economic empowerment has long been an international priority, of course. The G6—as it was then—was first created in 1975, a year named “International Women’s Year” by the United Nations to help more women worldwide realize their full potential. Mountain climber Junko Tabei masterfully demonstrated...

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