13 Jun
Member News

Vulcan View: The latest EU developments 9 June – 13 June

EU and UK reach an agreement in respect of Gibraltar On Wednesday, 11 June, the EU and the UK reached an agreement resolving the long-standing post-Brexit border issues in Gibraltar. Central to the deal is the removal of passport controls at the border, reconnecting Gibraltar with Spain. Gibraltar will be incorporated into the EU’s Schengen Area, allowing passport-free movement for residents and approved individuals. The agreement will also implement both Spanish and British officers conducting parallel checks at the border. Additionally, the agreement enables Gibraltar...

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12 Jun
Member News, Trade & TTIP Related

Transatlantic Trade Monitor: Facts You Need Now | IEEPA Tariffs to Remain Temporarily Despite Adverse Ruling; Aluminum and Steel Tariff Rate Increased

By Ryan Last, Daniel N. Anziska, Daniel Gorman, Charlene C. Goldfield, and Luke LoFrumento*, Troutman Pepper Locke On May 28, the U.S. Court of International Trade ruled that the tariffs imposed by President Trump under the International Emergency Economic Powers Act (IEEPA) were unlawful. In the case of V.O.S. v. United States, the court found that IEEPA does not delegate such broad tariff powers to the president and that the tariffs addressing illegal migration and illicit drug flows “do not deal...

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11 Jun
Uncategorized

World Bank | Global Carbon Pricing Mobilizes Over $100 Billion for Public Budgets

WASHINGTON, June 10, 2025—Carbon pricing revenues exceeded $100 billion in 2024, according to a new World Bank report released today. Over half of this revenue generated for public budgets was earmarked for environment, infrastructure, and development projects, representing a slight increase from previous years. The report—State and Trends of Carbon Pricing 2025—notes that there are now 80 carbon pricing instruments in operation worldwide, a net increase of five over the past year. The report shows that all large middle-income economies have now...

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11 Jun
Uncategorized

ECB | The euro area bond market

Keynote speech by Philip R. Lane, Member of the Executive Board of the ECB, at the Government Borrowers Forum 2025 Dublin, 11 June 2025 I am grateful for the invitation to contribute to the Government Borrowers Forum. I will use my time to cover three topics. First, I will briefly discuss last week’s monetary policy decision. Second, I will describe some current features of the euro area bond market. Third, I will outline some innovations that might expand the scope for euro-denominated bonds to...

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11 Jun
Chapter News

European Commission | EU seeks feedback on a European blueprint for Savings and Investments Accounts

The European Commission has invited citizens and stakeholders to contribute to the development of a European blueprint for savings and investments accounts. This initiative, part of the Savings and Investments Union strategy, aims to facilitate citizens' participation in capital markets, enhancing returns on their savings while increasing funding available for EU companies to help them grow, innovate and create jobs. The Commission's call for evidence seeks input on best practices to make savings and investments accounts a convenient entry point to...

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11 Jun
Chapter News

ECB | International use of the euro broadly stable in 2024

Euro’s share across various indicators of international currency use largely unchanged at around 19% Emerging challenges include initiatives promoting global use of cryptocurrencies Upholding rule of law essential for maintaining, and potentially increasing, global trust in the euro The international role of the euro remained broadly stable in 2024 and the euro held on to its position as the second most important currency globally. The share of the euro across various indicators of international currency use has been largely...

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11 Jun
Member News

Bennett Jones | Economic Outlook: Building Resilience and Capacity in a Disrupted World

Executive Summary: A World Disrupted by U.S. Policy Shifts and Uncertainty In a period of only months, actions by the U.S. administration of President Donald Trump have disrupted U.S. trade, foreign and economic policies, and created exceptional uncertainty for the U.S. and global economies and financial markets. Questions about the strategy and end game of the President for the rules that govern international trade and investment are forcing governments, businesses and investors worldwide to reassess their own strategies and relationships. A “tough on...

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10 Jun
Uncategorized

ECB | Reading the market’s pulse: monitoring investors’ risk appetite

Blog post by Benjamin Böninghausen and Florian Hartmann | Geopolitical tensions and trade policy uncertainty are injecting unpredictability into global financial markets. What seems like rock-solid market sentiment today can turn into jitters tomorrow. In this ECB Blog, we present a new risk appetite indicator to systematically track such shifts in market sentiment. Market swings – important beyond the trading floor Central banks need to keep an eye on market sentiment as it signals what investors think about the future. Investors’...

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10 Jun
Chapter News

OECD | Accelerated climate action can be a driver of growth and development

Ambitious climate targets that are underpinned by robust implementation and investment plans can provide economic opportunities, unlock investment, and support sustainable development and growth, while facilitating low-emission transitions, according to a new joint report by the OECD and the United Nations Development Programme (UNDP). Investing in Climate for Growth and Development: The Case for Enhanced Nationally Determined Contributions (NDCs) shows that aligning climate policies with economic and social priorities can lead to higher global GDP, accelerated poverty reduction, improved energy security...

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10 Jun
Member News

Troutman Pepper Locke | The One Big Beautiful Bill: Initial Analysis of Key Provisions for Private Equity Funds and Their Portfolio Companies

By: Christopher M. Flanagan, Buddy Sanders, Peter T. Wynacht, John C. Nelson, Jr., Troutman Pepper Locke On May 22, the House of Representatives passed H.R. 1, the budget reconciliation bill known as the One Big Beautiful Bill Act (the BBB). The BBB proposes amendments to the Internal Revenue Code (the Code) that could have significant consequences for private equity funds and their portfolio companies. This alert summarizes certain key tax provisions of the BBB that could impact private equity funds,...

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