Following on the heels of the launch of the EU-U.S. Data Privacy Framework (DPF)1 this summer, the U.S. Department of Commerce has extended the DPF to cover transfers of personal data from the United Kingdom (UK) (and Gibraltar) to the United States, in addition to transfers from the European Union to the United States.  As of October 12, 2023, employers currently certified to the DPF can expand their certification to cover the transfer to the United States of the personal...

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The European Investment Bank (EIB) has signed its largest ever loan agreement in the Czech Republic, with a CZK 24 billion (€992 million) contract with the Ministry of Finance to support the upgrade of the country’s rail network. Through Správa železnic, the national railway infrastructure administrator, which falls under the authority of the Transport Ministry, the loan will support the modernisation and retrofit of trans-European networks (TEN-T) railway lines in the country and enable the deployment of the European...

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Entering 2023, there generally was strong confidence in consumer spending in the travel and hospitality industry. Simultaneously, however, property insurance costs have been soaring due to losses from natural disasters, a pull-back in insurer offerings, and higher rebuilding costs. In Trepp’s recent Multifamily Expense Report series, we covered the trends in multifamily property line-item financials, including property insurance costs. Throughout this analysis, Trepp takes a closer look at insurance costs but for lodging properties operating in coastal markets that are prone to...

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As the economic environment shifts with increased interest rates and credit weakening projected while liquidity sources are highly scrutinized, it is important for financial institutions to revisit the significance of loan portfolio management fundamentals. Effective loan portfolio management involves a comprehensive approach to managing the various types of risk in the loan portfolio. The risk landscape of your loan portfolio has changed as borrowers, individually or commercially, have been impacted in one way or another by economic changes. So, when...

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