23 Sep
Member News

Tradewind Finance Celebrates 20th Anniversary

Mönchengladbach, Germany (September 23, 2020) - This year marks the 20th anniversary of Tradewind Finance, whose financial services have supported small and medium-sized businesses globally for two decades. It has been an honor for the company to work with their clients across industries as their trusted financial partner. In addition to a solid foundation of years in operation, the milestone signifies the company’s growth – in offices, business relationships, and capabilities. Tradewind has most recently opened a branch in Brazil, adding...

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23 Sep
Chapter News

ECB proposes to reduce reporting burden for banks and increase data quality

Smarter and standardised reporting procedures proposed to reduce banks’ reporting costs Banking industry involvement in improving procedures needed The European Central Bank (ECB) today published the European System of Central Banks’ (ESCB) input into a European Banking Authority (EBA) feasibility report on reducing the reporting burden for the European banking industry. Under Article 430c of the Capital Requirements Regulation (CRR), the European Parliament and the Council of the European Union mandated the EBA to carry out a feasibility study and requested...

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23 Sep
Chapter News

Single European Sky: for a more sustainable and resilient air traffic management

Today, the European Commission is proposing an upgrade of the Single European Sky regulatory framework which comes on the heels of the European Green Deal. The objective is to modernise the management of European airspace and to establish more sustainable and efficient flightpaths. This can reduce up to 10% of air transport emissions. The proposal comes as the sharp drop in air traffic caused by the coronavirus pandemic calls for greater resilience of our air traffic management, by making it  easier to...

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23 Sep
Chapter News

ECB to accept sustainability-linked bonds as collateral

Bonds with coupons linked to sustainability performance targets to become eligible as central bank collateral Potential eligibility also for asset purchases under the APP and the PEPP subject to compliance with programme-specific eligibility criteria Decision applicable from 1 January 2021 The European Central Bank (ECB) has decided that bonds with coupon structures linked to certain sustainability performance targets will become eligible as collateral for Eurosystem credit operations and also for Eurosystem outright purchases for monetary policy purposes, provided they...

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23 Sep
COVID-19 News, Member News

The EIB COVID-19 Economic Vulnerability Index

An analysis of countries outside the European Union. DOWNLOAD the full index here: The EIB COVID-19 Economic Vulnerability Index - An analysis of countries outside the European Union | There is a lot that we do not yet know about the health effects of COVID-19. We do not know how the virus is spreading, or why it is causing a high death toll in some countries and a lower one in others. We do not know when we will find...

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23 Sep
Member News

Troutman Pepper | Navigating Adapted Operations Advisory Series: Part Two – Insurance Coverages Concerns and PPP Loan Requirements

Who Needs to Know Employers who are reopening (or have already reopened) by bringing employees back to their workplaces. Why It Matters Bringing a workforce back to the workplace, whether from teleworking, furlough or layoff status, is an exercise with many moving parts. Employers need to follow a reasoned strategy to address COVID-19-related risks and other considerations associated with recalling some or all of a workforce to develop a sensible back-to-work protocol. Troutman Pepper is issuing a series of client advisories, Navigating Adapted Operations, to...

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23 Sep
Member News

Thompson Hine | SBA’s New Certification Regulations for Women-Owned Small Businesses

Key Notes: On October 15, 2020, WOSBs or EDWOSBs may no longer self-certify for a set-aside or sole source contract. WOSB and EDWOSB certifications can be obtained from the SBA, other federal agencies, or a certifying entity approved by SBA. The final rule also makes economic disadvantage criteria consistent between the EDWOSB Program and 8(a) BD Program. Background Since 2015, women-owned small businesses (“WOSBs”) and economically disadvantaged women-owned small businesses (“EDWOSBs”) have been allowed to self-certify their status to compete for...

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22 Sep
Chapter News

State of the Union speech – Building the world we want to live in: A Union of Vitality in a World of Fragility

European Commission President Ursula von der Leyen today mapped out in her first annual State of the Union address, a path for the European Union to overcome the fragility laid bare by the coronavirus crisis and build a union of vitality. The 2020 State of the European Union debate came at a time of uncertainty with the coronavirus pandemic still affecting all aspects European and global economies and societies. The pandemic has simultaneously shown both the fragility of the global system and...

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22 Sep
Member News, Trade & TTIP Related

HSBC | Making the USD10 trillion case for trade

Insight from HSBC and BCG on how trade could power economic growth - and the steps needed to unlock that potential. Download the full report here: THE $10 TRILLION CASE FOR OPEN TRADE Embracing open and fair trade could boost global GDP by USD10 trillion a year in 2025, according to a major new report co-written by HSBC and Boston Consulting Group (BCG). The $10 Trillion Case for Open Trade provides compelling evidence of the potential benefits of liberalising commerce as policymakers aim...

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22 Sep
Member News

Faegre Drinker | Immigration Updates: Visa Processing, Travel Bans and the New USCIS Fee Schedule

Read on for an overview of updates on immigration and global mobility issues, including those involving visa processing at U.S. embassies and consulates, restrictions on travel and the new U.S. Citizenship and Immigration Services (USCIS) fee schedule. Visa Processing at U.S. Embassies and Consulates While some consulates are reopening to provide visa services, many are still closed for routine visa processing or are only offering limited services. For example, the U.S. Embassy in Buenos Aires, Argentina started accepting applications for F,...

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