24 Jun
Brexit News

Press statement by Vice-President Maroš Šefčovič following the second meeting of the EU-UK Joint Committee

Good afternoon everyone! I am happy to report back to you today after our second meeting of the Joint Committee on the implementation and application of the Withdrawal Agreement. On the EU's side, I was joined by Michel Barnier, the European Commission's Chief Negotiator, as well as 15 Member States representatives And I would like to thank sincerely Michael Gove and his team for their constructive attitude today. I have to underline that the meeting took place in a very...

Read more

24 Jun
Brexit News

Addendum to the Terms of Reference on the UK-EU Future Relationship Negotiations

In line with the Terms of Reference agreed on 28 February by the United Kingdom and the European Commission, and taking into account the current state of the negotiations after four rounds, the following forward process is established, in order to  intensify the talks and to create the most conducive conditions for concluding and ratifying a deal before the end of 2020: Negotiating rounds will take place in July, August and in September, unless agreed otherwise between the Subject...

Read more

24 Jun
Chapter News

EACCNY #COVID19 Impact Stories from Our Members – European Investment Bank

Together with our members we are creating a Video series of first-hand accounts of the Pandemic’s impact, both personally & professionally. We invite you to join us today for a first-hand look at the impact of the global shutdown following the Coronavirus (COVID-19) outbreak – Today we are featuring Carlota Cenalmor, Permanent Representative of the European Investment Bank a Member of the EACCNY. The questions we asked our members for this series are: 1) What are some challenges you, personally...

Read more

24 Jun
New York Related News

New York Fed Announces Start of Additional Secondary Market Corporate Credit Facility Purchases on June 16

The Federal Reserve Bank of New York today announced that the Secondary Market Corporate Credit Facility (SMCCF) will begin buying corporate bonds on June 16. The New York Fed also released additional Frequently Asked Questions regarding the purchase strategy for these eligible assets. As specified in the revised term sheet, the SMCCF will begin purchases of corporate bonds to create a portfolio that tracks a broad, diversified market index of U.S. corporate bonds.  This index is made up of bonds trading in the...

Read more

24 Jun
Chapter News

Commission report: EU data protection rules empower citizens and are fit for the digital age

Today, just over two years after its entry into application, the European Commission published an evaluation report on the General Data Protection Regulation (GDPR). The report shows the GDPR has met most of its objectives, in particular by offering citizens a strong set of enforceable rights and by creating a new European system of governance and enforcement. The GDPR proved to be flexible to support digital solutions in unforeseen circumstances such as the Covid-19 crisis. The report also concludes that...

Read more

24 Jun
Chapter News

EU budget 2021: An annual budget focused on European recovery

The Commission has today proposed an EU budget of €166.7 billion for 2021, to be complemented by €211 billion in grants and approximately €133 billion in loans under Next Generation EU, the temporary recovery instrument aimed at mobilising investments and kick-starting the European economy. Together, the annual budget and Next Generation EU will mobilise significant investments in 2021 to address the immediate economic and social damage caused by the coronavirus pandemic, kick-start a sustainable recovery and protect and create...

Read more

24 Jun
Member News

CLA: New Loan Forgiveness Applications for Paycheck Protection Program

Key insights The SBA updated the loan forgiveness application and issued a new Interim Final Rule (IFR) to incorporate more of the Paycheck Protection Program Flexibility Act of 2020. New Form 3508EZ is available for borrowers who meet certain criteria. The application and IFR provide some key information for borrowers about how the PPP Flexibility Act will be applied. While many borrowers welcomed the passage of the Paycheck Protection Program Flexibility Act of 2020 (PPP Flexibility Act), it still left them with questions about how the Small...

Read more

24 Jun
Chapter News, COVID-19 News

COVID-19: Council adopts exceptional rules to facilitate bank lending in the EU

The EU is temporarily adapting banking rules in order to maximise the capacity of banks to lend money and support households and businesses to recover from the COVID-19 crisis. The banking package adopted today provides targeted and exceptional legislative changes to the capital requirements regulation (CRR 2). These changes will allow credit institutions to fully play their role in managing the economic shock that stems from the COVID-19 pandemic by fostering credit flows. Thanks to the reforms conducted after the 2008 financial crisis,...

Read more

24 Jun
Chapter News, COVID-19 News

Taxation: Council agrees on the postponement of certain tax rules

To address the severe disruptions created by the COVID-19 pandemic, the EU will allow more time to comply with rules on cross-border information reporting and exchanges and VAT for e-commerce. Directive on administrative cooperation in the area of taxation (DAC) The Council adopted an amendment to the DAC allowing member states an option to defer by up to 6 months the time limits for the filing and exchange of the following information: automatic exchanges of information on financial accounts of which the beneficiaries are tax...

Read more

24 Jun
Member News

RavenPack: Insider Trading Strategies Enhanced by News Sentiment Data

This study shows how insider transaction data can be used to generate profitable trading signals, and enhanced using a News Sentiment overlay. Generating Alpha from Insider Transactions News about how company executives are trading their share holdings, also known as insider transactions data, can provide novel insights for investors and an information edge, according to this white paper. When put to the test the data can lead to alpha-generation, says the research carried out by RavenPack’s Data Science team. Their findings show a...

Read more

«‹444445446447448›»