28 Jan
Chapter News

IMF | Financial Perils in Check for Now, Eyes Turn to Risk of Market Correction

“The vaccines are here!”—the cry heard and welcomed the world over—has boosted hopes of a global economic recovery in 2021. Yet until vaccines are widely available, the market rally and the economic recovery rest on continued monetary and fiscal policy support. 'While there is for now no alternative to continued monetary policy support, there are legitimate concerns around excessive risk-taking and market exuberance.' Financial stability risks have been in check so far, but we cannot take this for granted. Prices for stocks, corporate bonds,...

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28 Jan
Chapter News

Statement by the Eurogroup President, Paschal Donohoe, on the signature of ESM Treaty and the Single Resolution Fund Amending Agreements

Eurogroup | Statements and remarks by Paschal Donohoe | 27 January 2021 | Today, we mark an important milestone in the further development of the Economic and Monetary Union, which will strengthen euro area's crisis prevention and resolution capabilities as well as the Banking Union. We also demonstrate our unity of purpose to deliver progress on important issues for the benefit of all our citizens. Representatives from the Member States have signed the amending agreements to the Treaty on the European...

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28 Jan
Chapter News

Travel restrictions: EU Council reviews the list of third countries for which member states should gradually lift restrictions on non-essential travel

Following a review under the recommendation on the gradual lifting of the temporary restrictions on non-essential travel into the EU, the Council updated the list of countries for which travel restrictions should be lifted. As stipulated in the Council recommendation, this list will continue to be reviewed every two weeks and, as the case may be, updated. Based on the criteria and conditions set out in the recommendation, as from 28 January member states should gradually lift the travel restrictions at...

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28 Jan
Member News

Portolano Cavallo | Towards a new era of digital regulation The DSA and DMA proposals

This article is part of Portolano Cavallo’s monthly “INFORM@ Digital & IP” Newsletter. Click here to subscribe. | The COVID-19 pandemic crisis has highlighted the central role that digital platforms play from both an economic and a social perspective, along with the challenges arising from online flow and concentration of Big Data. In response to political pressure for reforming the rules governing digital markets and services, on December 15, 2020 the European Commission (Commission) published the text of two proposals that undoubtedly represent...

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28 Jan
Member News

Troutman Pepper | DOJ and Compliance: Great Expectations and Even Greater Consequences Ahead

As 2020 drew to a close, Indivior PLC, a global pharmaceutical company and manufacturer of the opioid treatment Suboxone, was sentenced in the U.S. District Court for the Western District of Virginia for making false statements to the Massachusetts Medicaid program about the relative safety of Suboxone Film around children to increase its sales, in violation of 18 U.S.C. § 1035. The Indivior sentencing closed out yet another significant, multifaceted investigation led by the U.S. Department of Justice (DOJ...

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28 Jan
Member News

CLA | The Mobile Workforce Is Here to Stay — What You Need to Know

Key insights Labor laws depend on the jurisdiction from which your employee works, not your organization’s location. You may need to adjust benefits for an employee working in another state. Tax laws vary by state, and employers with employees working in other states may create new tax or insurance liabilities. Carefully consider how remote employees working internationally may be subject to additional requirements regarding the right to work and taxation. When many businesses made the swift decision to embrace remote...

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27 Jan
Chapter News, Financing for Development/UN SDG's

OECD | Food systems face a daunting triple challenge requiring governments to take a more holistic approach

Food systems face the triple challenge of providing food security and nutrition for a growing global population, and livelihoods to farmers and others working in food supply chains around the world, all while improving environmental sustainability. Given the deep connections between these objectives, governments can do much more to take into account the synergies and trade-offs that exist between the different areas, as well as the challenges for developing more coherent policy, according to a new OECD report. Making Better Policies...

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27 Jan
Chapter News

ECB | Interview with SKAI TV: Looking past the pandemic

Interview with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Elena Laskari on 26 January 2021 | Euro area economies are still under pressure because of the second wave of the pandemic and it is still unclear if we are closer to the end of the tunnel or closer to a third wave. According to the ECB’s forecasts, how many years will it take for our economies to heal the scars of the pandemic and...

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27 Jan
Chapter News

Biden’s presidency begins: a fresh start for the US but also for transatlantic relations

Blog post by HR/VP Josep Borrell | The inauguration of Joe Biden opens a welcome new chapter in EU-US relations. As President Biden has signalled, there is much to repair and rebuild, both at home and abroad. But this is above all a moment of opportunity. We as EU are ready to revive our partnership, which is so important at a time of tumultuous global change. Like millions of people around the world, I followed President Biden’s inaugural address. Naturally, the...

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27 Jan
Brexit News, Member News, Trade & TTIP Related

Ogletree | EU-UK Trade and Cooperation Agreement Provides a Grace Period for Free Flow of Personal Data

After the political and constitutional upheaval of the last four years that has been Brexit, a trade deal—the EU-UK Trade and Cooperation Agreement—was finally reached between the United Kingdom (UK) and the European Union (EU) on December 24, 2020, just days before the deadline when the UK was set to crash out of all EU treaties. Amongst the rules about how much fish a French fisherman can catch off the coast of Scotland and whether a vaccine approved in Denmark...

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