03 Feb
Chapter News, News

EU Commission for Equal Voting Rights

On January 29th, the European Commission has issued guidance to member states that currently have rules preventing their citizens from voting because they live in another EU country. Of course, we are very supportive of this important step, even if we believe that an even better direction would be to also extend voting rights in the European Parliament elections to all EU citizens who reside outside the EU, and to harmonize all electoral procedures. You will find on the right sidebar a...

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31 Jan
Chapter News, News

Commission calls for immediate action for a European Industrial Renaissance

The European Commission is urging Member States to recognise the central importance of industry for creating jobs and growth and to mainstream industry-related competitiveness concerns across all policy areas. This is the key message of the communication For a European Industrial Renaissance, adopted today. The Commission calls on the Council and the Parliament to adopt proposals on energy, transport, space and digital communications networks as well as implement and enforce legislation to complete the internal market. Furthermore industrial modernisation must...

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31 Jan
Chapter News, News

Sound & Resilient Financial Markets: Achieving Global Consistency

US-EU Financial Markets Regulatory Dialogue Joint Statement Speech by Nadia Calviño, Deputy Director-General for Internal Market and Services, EUROPEAN COMMISSION Presented at Brookings Institution, Washington, DC, 29 January 2014  INTRODUCTION Ladies and Gentlemen, I am happy to have the opportunity to discuss transatlantic regulatory efforts to make financial markets sound and resilient. Today, I would like to take stock of the reforms we have carried out so far and outline the way forward, both in the EU and internationally. In response to the financial crisis, the...

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31 Jan
Member News, News

TREPP: January Loss Analysis: Volume Steady, Severity Jumps

CMBS liquidation volume remained steady in January, but several large losses pushed the average loss severity up significantly. Liquidation volume registered $1.28 billion in January, equal to December's volume and slightly above the 12-month moving average of $1.19 billion. Of the loans that were liquidated, 94% fell into the greater than 2% loss severity category. January loss severity came in at 58.51%, up from December's 50.36% and more than 10 percentage points higher than the 12-month moving average of 46.82%....

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30 Jan
Member News, News

INVEST IN FRANCE: Fleur Pellerin launches “La French Tech” Digital City Accreditation Phase

Ms. Fleur Pellerin, Minister Delegate for SMEs, Innovation and the Digital Economy, used an evening to celebrate the coming year with the French digital economy ecosystem to launch a call for proposals for “accredited digital cities”. This marks the first stage of the “La French Tech” initiative launched on December 2, 2013, backed by €200 million from the French government’s “National Investment Program”. During her speech to nearly 500 participants, Ms. Pellerin reminded the audience of the broad strategic outlines of...

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30 Jan
Member News, News

Granito Is Assisting Clients In The Management And Protection Of International Video Rights

Cross-fertilizing its deep involvement in cross-border copyright regulations with its corporate advisory services, GRANITO announces its involvement in assisting clients in the management and protection of international video rights cross continents and within countries.  Faced with the need to protect and secure rights in a global entertainment marketplace and the right of producers, publishers and broadcasters of video and music to monitor the uploading of clips belonging to them, GRANITO brings to the forefront their talents for combining compliance with...

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29 Jan
Chapter News, New York Related News, News

NYCEDC Announces Launch of $30 Million Competition to Help Small Businesses Become More Resilient

NYCEDC Announces Launch of $30 Million Competition to Help Small Businesses Become More Resilient Federally-Funded Competition Seeks Innovative Technologies from Around the Globe to be Installed at Sandy-Impacted Small Businesses Across the City at No Cost Competition Will Foster New York City's Long-Term Resiliency to Protect Small Businesses and Neighborhoods Against Future Storms New York City Economic Development Corporation (NYCEDC) today announced the launch of Resiliency Innovations for a Stronger Economy (RISE : NYC), a competition to help small businesses impacted...

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29 Jan
Member News, News

TREPP: 2013 Year in Review & The Good, The Bad, and the Ugly

When commenting on 2012 performance last year, we noted that investors could really only have one complaint: why didn't we own more? For investors to make money in 2013, they had to be more discriminating. While there were plenty of segments of the market that did well, there were also other segments that lagged severely. Some of the many issues that investors had to deal with in 2013 were: • The impending end (or tapering) of QE3 • Rising interest rates (after...

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29 Jan
Chapter News, News

Structural Reform of the EU Banking Sector

Today, the European Commission has proposed new rules to stop the biggest and most complex banks from engaging in the risky activity of proprietary trading. The new rules would also give supervisors the power to require those banks to separate certain potentially risky trading activities from their deposit-taking business if the pursuit of such activities compromises financial stability. Alongside this proposal, the Commission has adopted accompanying measures aimed at increasing transparency of certain transactions in the shadow banking sector. These...

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28 Jan
Member News, News

OTC Derivative Contract Contracts that are considered to have a Direct, Substantial and Foreseeable effect within the EU

The RTS clarify that an OTC derivative contract shall be considered as having a direct, substantial and foreseeable effect within the Union when “at least one third country counterparty benefits from a guarantee(i) provided by a financial counterparty(ii)  established in the Union which covers all or part of its liability resulting from that OTC derivative contract” to the extent that both of the following conditions are met by the guarantee: (a)    It covers the entire liability of a third country counterparty resulting...

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