Brexit News, Chapter News, News, Uncategorized

Remarks by Commissioner Moscovici at the press conference on Customs aspects in case of ‘no-deal Brexit’

Brussels, 3 April 2019 | Translated using Google Translate. View the original post HERE I am here to talk to you about the scenario in which the UK would leave the EU without a withdrawal agreement, and our preparation for this eventuality for EU customs. Before getting to the heart of the matter, I would like to make several political reminders. First, the European Commission has never wanted Brexit. We said the day after the referendum in June 2016 that we regret...

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Brexit News, Chapter News, News

Statement by President Juncker on the United Kingdom’s withdrawal from the European Union at the European Parliament’s plenary session

Brussels, 3 April 2019 President Tajani, Honourable Members of this House, The developments in Westminster over the past days have convinced me of what I already knew. The best way forward is the ratification of the Withdrawal Agreement. It has already been agreed by the Government of the United Kingdom, endorsed by this House as well as by the European Council. In its decision 10 days ago, the European Council paved the way for an extension of the Article 50 negotiation period until...

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Chapter News, News

Towards a genuine capital markets union : article by F. Villeroy de Galhau et J. Weidmann

Virtually everything about Brexit is surrounded by uncertainty, but one thing has become clear – how costly it is going to be to leave the single market. Our common market is an out-and-out success. It has raised economic output, increased the choice of goods and services, and at the same time lowered prices for consumers. But we can make it work better. With respect to capital markets, we still forego the benefits of further integration. While geographical diversification is...

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Member News

Visiting the EU After 2021? You May Need to Apply for ETIAS Authorisation

By Claire D. Nilson & Philip Novak | Faegre Baker Daniels LLP. From 2021, visitors to the European Union (EU) who do not require a visa will have to apply for authorisation through the European Travel Information and Authorisation System (ETIAS). This new pre-travel screening system will apply to visitors to countries that are in the Schengen Area of the EU. Countries within the Schengen Area include all EU member states (except for Ireland and the United Kingdom (U.K.)), as...

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Brexit News, Chapter News, News

Brexit preparedness in the area of Health and Food Safety

Speech by European Commission Vice-President for Jobs, Growth, Investment and Competitiveness Jyrki Katainen,  4 April 2019 Ladies and Gentlemen, As you all know, we have repeatedly stated that the Commission regrets the decision of UK to leave the European Union. Following the latest developments, a no-deal scenario is highly likely. Let there be no doubt whatsoever: a “no-deal” scenario would be extremely costly and disruptive. The economic consequences would have a significant impact on the UK, and to a lesser extent the EU. The EU...

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Brexit News, Chapter News, News

Visa free travel after Brexit: Council and European Parliament reach agreement

The Council and the European Parliament have agreed that, following Brexit, UK citizens coming to the Schengen area for a short stay (90 days in any 180 days) should be granted visa free travel.This agreement was confirmed yesterday by EU ambassadors on behalf of the Council and by the European Parliament Civil Liberties, Justice and Home Affairs committee today. The text now needs to be formally adopted by the European Parliament and the Council. According to EU rules, visa exemption...

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Member News

The role of an agent in complex cross-border deals

Not all financial or capital markets deals are straightforward. As markets mature and investors demand more from their deals, and as deals start to involve cross-border securities, all parties are finding their roles somewhat in flux. Traditionally when looking at deals such as syndicated loans, restructuring corporate debt, securitisation, or even a bond issuance placed in a mature market, it is not unusual for both lenders and their borrowers, guarantors and issuers to bring a fiduciary party such as a...

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Member News

Cookies: European Court Clarifies Key Issues on Consent

By Huw Beverley-Smith & Jonathon A. Gunn | Faegre Baker Daniels LLP On 21 March 2019, an advocate general (AG) of the Court of Justice of the European Union (CJEU) delivered an opinion that sheds light on key issues related to websites’ use of cookies — data packets that can be used by websites to track individuals’ browsing histories and other data. Thiss followed a request for a preliminary ruling from the Federal Court of Justice in Germany (FCJ) regarding the...

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Member News

Bannockburn Global Forex Update: April 2019 FX Outlook

April 2019 FX OutlookPoor economic data and soft inflation saw several central banks, including the Federal Reserve and European Central Bank, take a dovish turn in March. Contrary to expectations that interest rates would rise as the G3 central banks were no longer adding to their balance sheets on a combined basis. The sharp drop in interest rates and the flattening of curves in March is one of the key factors shaping the investment climate. The fall in yields has...

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Member News

Toy Association Wins ASI’s “Great Things Award” for 2019

The Toy Association is among a prestigious group of global associations that received this year’s “Great Things Award” by Advanced Solutions International, provider of The Toy Association’s membership database platform and website software, iMIS. The awards were presented during ASI’s iMIS iNNOVATIONS partner and client conference held March 20 to 21 in Orlando, FL. The “Great Things Award” recognizes organizations that expertly utilize iMIS to improve operational efficiency, advance their mission, and achieve “great things.” The Toy Association has been an iMIS...

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