Chapter News

The Fed | Federal Reserve Board announces final individual capital requirements for large banks, effective on October 1

Following its stress test earlier this year, the Federal Reserve Board on Friday announced final individual capital requirements for large banks, effective on October 1. Large bank capital requirements are informed by the Board's stress test results, which provide a risk-sensitive and forward-looking assessment of capital needs. In April, the Board proposed a rule to average stress test results over two consecutive years to reduce year-over-year volatility from the stress test when calculating a firm's capital requirement. If the Board...

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Chapter News

World Bank | Protecting Nature Boosts Growth and Jobs, Shows New Report

Safeguarding natural resources generates high returns in some sectors. WASHINGTON, September 1, 2025—Ninety percent of the world lives with either degraded land, unhealthy air, or water stress, according to a new World Bank report, however, restoring natural systems is possible and can yield high returns. In low-income countries alone, eight of out ten people live without all three – healthy air, water, and land – according to the report, Reboot Development: The Economics of a Livable Planet. This poses major constraints to...

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Chapter News

ECB | Economic uncertainty weakens monetary policy transmission

By Andrea Falconio and Julian Schumacher Economic uncertainty has been elevated recently due to geopolitical conflicts and trade tensions. This blog post investigates whether, and how much, high economic uncertainty affects monetary policy transmission in the euro area. Changes in interest rates make it cheaper or more expensive for businesses to get a loan or and for households to get a mortgage. But when the economic future is uncertain, businesses and households are less likely to invest in big, long-term plans...

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Member News, Trade & TTIP Related

Jaguar Freight | The Weekly Roar – The new 50% tariff on Indian exports, rerouted ships, the Suez Canal continues to suffer, suspended U.S.-bound mail, and the digital revolution in maritime.

As of the 27th, President Trump imposed a 50% tariff on Indian exports. This is double the previous rate and is in retaliation for their continued purchase of Russian oil, making it one of the highest tariffs in the trade war. It’s put significant strain on U.S.-India relations, which have historically been seen as crucial to balancing China’s influence, and threatens about half of India’s exports to its largest market. Prime Minister Modi has vowed to protect Indian farmers and...

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Member News, Trade & TTIP Related

GDLSK | U.S. Court of Appeals for the Federal Circuit Rules Majority of President Trump’s Tariffs Illegal

In a split decision, 7 – 4, the Court of Appeals for the Federal Circuit (“CAFC”) affirmed the Court of International Trade’s (“CIT”) decision holding that President Trump’s IEEPA duties are contrary to law. This decision is limited to IEEPA Reciprocal Tariffs and IEEPA Fentanyl Tariffs (currently applicable on goods from China, Mexico and Canada) and does not invalidate the Section 232 tariffs on steel/aluminum/copper and derivatives and automotive products. While the CAFC held that IEEPA tariffs are contrary to law,...

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Member News

Thompson Hine | White House Releases Sweeping AI Action Plan

On July 23, the White House published “Winning the AI Race: America’s AI Action Plan,” a 28-page comprehensive federal strategy aimed at securing global leadership in artificial intelligence (AI). Developed in response to President Trump’s January 2025 executive order, “Removing Barriers to American Leadership in Artificial Intelligence,” the plan recommends policy actions across three pillars: accelerating AI innovation, building robust AI infrastructure, and leading in international AI diplomacy and security. The agenda emphasizes deregulation, open-source AI, workforce development, infrastructure modernization, and...

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Member News

IPTI Newsletter: September 2025

My lead item for this month’s newsletter comes from Australia. It is an article written by two leading academics - Peter Siminski, Professor of Economics at the University of Technology Sydney and Roger Wilkins, Professorial Fellow and Co-Director at the HILDA Survey, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne. They have “bravely” ventured to suggest that the Australian family home should be taxed. Their article is titled “The government has asked for bold proposals....

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Chapter News

Financial Stability Board | FSB Annual Financial Report: 2024-25

This report contains the audited financial statements of the FSB for the 12-month period from 1 April 2024 to 31 March 2025. It also provides details on the FSB governance arrangements and its transparency and accountability mechanisms. A detailed explanation of the activities undertaken to implement the mandate and tasks of the FSB is provided in the FSB’s Annual Report, which is published separately. Overview The Financial Stability Board (FSB) coordinates, at the international level, the work of national financial authorities...

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Chapter News

European Commission | EU proposes tariff reductions to implement EU-US deal

Today, the European Commission is putting forward two proposals paving the way for the implementation of the EU-US Joint Statement of 21 August 2025. These proposals are the first steps in said implementation and ensure tariff relief by the US for the vital EU automotive sector starting retroactively from 1st of August. These steps contribute to restoring stability and predictability in EU-US trade and investment relations, to the benefit of business, workers and citizens on both sides of the Atlantic. The first act concerns...

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Chapter News, Trade & TTIP Related

ECB | Euro area benefits from easing services trade

By Nina Furbach and Iván Ordoñez Martínez Services are playing a growing role in global trade. The ECB Blog shows that this trend has been driven by a decline in non-tariff trade barriers. The euro area has benefited more than other regions and is highly competitive in the services sector. Technological progress is driving a new phase of globalisation. Global trade has long been dominated by manufacturing goods. Yet, over the past decade, services trade has grown significantly faster, as technology...

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