18 Feb
Brexit News, Member News

GOP | Brexit and financial services: New deal or no deal?

On 24 December 2020, the EU and the UK finalised a Trade and Co-operation Agreement (the “TCA”) setting out the terms of their future relationship. This came just seven days before the end of the transition period for the United Kingdom’s exit from the European Union on 31 December 2020, following which: the UK ceased to be treated as a member state of the EU for all purposes; and EU law ceased to apply in the UK. READ MORE... Contact: Fabio Ilacqua Partner – Head...

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18 Feb
Member News

IIE | Spring of Hope – a message from Allan Goodman

Dear Friends, As the world slowly emerges from COVID-19, we at IIE are optimistic. After each of the 12 pandemics in IIE’s history, international mobility actually surged. This time will be no different. Like you, we believe international exchange transforms lives and strengthens communities. And the Covid-19 pandemic has underscored that the mobility on which international education depends is central to what universities do best and for the benefit of humankind: promoting basic research, encouraging scientific experimentation and innovation, and forming...

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18 Feb
COVID-19 News, Member News

Marks Paneth | Employee Retention Credit Extended and Expanded

The Consolidated Appropriations Act, 2021 (CAA) extends and expands the Employee Retention Credit (ERC) first created under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The ERC is designed to encourage businesses to keep workers on their payroll and support small businesses and nonprofits through the coronavirus economic emergency. Eligibility has been expanded to include employers who also received PPP loans.  There are two sets of rules: one for those claiming the credit for 2021 wages, and another set...

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18 Feb
Chapter News

IMF | Public and Private Money Can Coexist in the Digital Age

We value innovation and diversity—including in money. In the same day, we might pay by swiping a card, waving a phone, or clicking a mouse. Or we might hand over notes and coins, though in many countries increasingly less often. Today’s world is characterized by a dual monetary system, involving privately-issued money—by banks of all types, telecom companies, or specialized payment providers—built upon a foundation of publicly-issued money—by central banks. While not perfect, this system offers significant advantages, including: innovation...

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18 Feb
Member News

EIB | Capital increase for EIF boosts finance for COVID-19 impacted companies and strengthens support for green and digital transformation of the EU economy

The shareholders of the European Investment Fund (EIF) have approved a 64% increase of the EIF’s share capital from €4.5 billion to €7.4 billion. The EIF’s capital increase will bring substantial additional resources to scale up support for the SME financing market, and venture and growth capital activity. The capital increase will enable the EIF to play a key role in rolling out InvestEU, the EU’s investment programme for 2021-2027, thereby also supporting the green and digital transformation of the...

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18 Feb
Chapter News, Trade & TTIP Related

EU Commission sets course for an open, sustainable and assertive EU trade policy

The European Commission has today set out its trade strategy for the coming years. Reflecting the concept of open strategic autonomy, it builds on the EU's openness to contribute to the economic recovery through support for the green and digital transformations, as well as a renewed focus on strengthening multilateralism and reforming global trade rules to ensure that they are fair and sustainable. Where necessary, the EU will take a more assertive stance in defending its interests and values,...

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18 Feb
Chapter News

ECB | Annual accounts 2020

The annual accounts of the ECB reflect the financial position and the results of the ECB’s operations at year-end. They comprise the management report, the financial statements (i.e. the Balance Sheet, the Profit and Loss Account, a summary of significant accounting policies and other explanatory notes), the independent auditor’s report and the note on profit distribution/allocation of losses. The financial statements are prepared in accordance with the accounting policies laid down in the relevant legislation and are specific to the European System of...

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17 Feb
Chapter News, COVID-19 News

EU Commission welcomes European Parliament’s approval of Recovery and Resilience Facility

Our ‘Next Generation EU’ recovery plan is about more than just money. It’s a very strong message of solidarity and of trust in the European Union. Now it’s time to deliver! The Recovery and Resilience Facility – a key part of our recovery plan – is on its way to becoming a reality after today’s signature. This will play a crucial role in helping Europe overcome the economic and social impact of the pandemic and will help us to secure the...

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17 Feb
Member News

ACG Resources | A Guide To Making Better Management Decisions

One of the potentially frightening things about being a manager is the need to make decisions; many, many decisions. This is typically more of a problem for new managers than it is for experienced managers, but it would not hurt either type of manager to brush up on how to make better management decisions. The rest of this article will mainly focus on “bigger” management decisions, or those that happen less frequently and are more likely to have a...

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17 Feb
Chapter News, COVID-19 News

Coronavirus: preparing Europe for the increased threat of variants

Today, the Commission is proposing immediate action to prepare Europe for the increased threat of coronavirus variants. The new European bio-defence preparedness plan against COVID-19 variants called “HERA Incubator” will work with researchers, biotech companies, manufacturers and public authorities in the EU and globally to detect new variants, provide incentives to develop new and adapted vaccines, speed up the approval process for these vaccines, and ensure scaling up of manufacturing capacities. Taking action now is important as new variants continue to emerge and...

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