Member News

Vulcan Insight | Energy security concerns – Irish Government responds with a new Policy Statement

With demand for energy on an increasingly upward trajectory over the course of the decade, the Government is concomitantly increasingly concerned about the security of Ireland’s energy supply. The challenges facing Ireland’s energy supply can be summarised in four key points: (1) lower than expected availability from some existing power stations; (2) anticipated new power stations not being developed as planned; (3) expected growth in electricity demand, including from data centres; and (4) expected closure of some power stations...

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Member News

Stéphanie Lhomme joins Arendt Regulatory & Consulting to enrich Arendt’s financial crime and forensic investigations offering

Luxembourg, 3 December 2021 – Stéphanie Lhomme has joined Arendt Regulatory & Consulting in the role of Director in order to strengthen Arendt’s advisory services offering to clients in the areas of Forensic Investigations, Anti-bribery & Corruption, and Corporate Intelligence. Before joining Arendt Regulatory & Consulting, Stéphanie worked at major advisory firms in France, the US and the UK. Financial crime in the broadest sense is on the rise (fraud, corruption, money laundering, misuse of corporate assets, theft of information and...

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Member News

EXEO Attorneys | December: Immigration U.S. & Canada

This week's special newsletter provides an overview of notable changes in Canadian immigration including all measures directly related to the COVID-19 pandemic. Here are the most important news since the beginning of the pandemic and travel restrictions as of December 1st, 2021. Molecular testing will be required upon arrival in Canada by air International travellers (excluding the USA) entering Canada by air will be required to undergo a molecular screening test upon arrival - including vaccinated travellers. Travellers should then be quarantined...

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Chapter News

Modernising judicial cooperation: EU Commission paves the way for further digitalisation of EU justice systems

Today, the European Commission has adopted several initiatives to digitalise EU justice systems, making them more accessible and effective. The overarching aim of the measures is to make digital communication channels the default channel in cross-border judicial cases, thus translating one of the priorities set out in last year's Communication on the Digitalisation of Justice into action. In the EU's internal market today, many legal disputes between citizens and businesses take place across borders. Also, to fight cross-border crime more effectively, different Member...

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Chapter News

Global Gateway: up to €300 billion for the European Union’s strategy to boost sustainable links around the world

Today, the European Commission and the High Representative for Foreign Affairs and Security Policy launch the Global Gateway, the new European Strategy to boost smart, clean and secure links in digital, energy and transport and strengthen health, education and research systems across the world. It stands for sustainable and trusted connections that work for people and the planet, to tackle the most pressing global challenges, from climate change and protecting the environment, to improving health security and boosting competitiveness...

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Member News

BBGFX | December 2021 FX Outlook

The pandemic is still with us as the year winds down and has not yet become endemic, like the seasonal flu.  Even before the new Omicron variant was sequenced, Europe was being particularly hard hit, and social restrictions, especially among the unvaccinated, were spurring social strife.  US cases, notably in the Midwest, were rising, and there is fear that it is 4-6 weeks behind Europe in experiencing the surge.  Whatever herd immunity is, it has not been achieved.  Moreover,...

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Chapter News

FSB | Good Practices for Crisis Management Groups (CMGs)

Crisis Management Groups (CMGs) of Global Systemically Important Banks (G-SIBs) have been in place for over 10 years as a core part of the post global financial crisis coordination infrastructure. This report sets out good practices that have helped CMGs to enhance their preparedness for the management and resolution of a cross-border financial crisis affecting a Global Systemically Important Bank (G-SIB) as per the FSB Key Attributes. It draws on a stocktake carried out by the FSB in 2020 and...

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Chapter News

FSB Statement to Support Preparations for LIBOR Cessation

Completion of the steps laid out in the FSB’s Global Transition Roadmap is now critical and market participants need to act urgently to ensure they are fully prepared for LIBOR cessation by the end of this year. Most LIBOR panels will cease at the end of this year, with certain key USD settings continuing until end-June 2023 to support the rundown of legacy contracts, executed before January 1 2022, only. Continued reliance of global financial markets on LIBOR poses risks to...

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Member News

Stout | Energy Industry Update, Q3 2021: A Potential Supply Crunch

The third quarter of 2021 ended with commodity prices continuing their upward movement. While U.S. crude oil prices modestly increased 2.1% during the quarter to $75.03 per barrel, this does not reflect the wide swings during the quarter, including a +20% increase in WTI prices from mid-August as steadily increasing demand and concerns about future supply created a bullish trend for oil. The drilling rig count rose by 51 rigs (per Baker Hughes) during the third quarter of 2021,...

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Member News

Arendt | AIFMD review: Fine-tuning of the AIFMD framework and targeted harmonisation with the UCITS framework

In light of the growing role of Alternative Investment Funds (AIFs) as financial intermediaries and further developments in the market since the AIFMD came into force in 2011, the EU Commission has published a proposal for targeted amendments to the AIFMD that acknowledges the directive's role as a significant pillar of the Capital Markets Union (CMU). While fine-tuning the AIFMD framework, the EU Commission is simultaneously proposing a degree of harmonisation with the UCITS framework. Earlier today, the EU Commission...

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