28 Sep
Chapter News, News

IMF | AI and the Future of Payments Policy – Remarks by Dan Katz, First Deputy Managing Director at Sibos 2026 Conference

Thank you, Graeme, and thank you SWIFT for the kind invitation. The theme of this year's conference is digital finance for AI-driven economies.  This is an important topic for the IMF because an efficient and secure payments system is critical to economic growth and stability. Clearly, as the theme suggests, the financial system, and payments in particular, will need to evolve. If AI is used as widely as proponents expect, a great deal of economic activity will be undertaken by AI...

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28 Sep
Chapter News, News

European Commission | EU Trade Agreements Continue to Benefit European Businesses

The EU's growing network of trade agreements helps European businesses to access new export markets and creates a more predictable trade and investment environment, according to a report published today. The sixth Annual Report on the Implementation and Enforcement of EU Trade and Economic Security Policy, covering the year 2025, concludes that EU trade agreements play a crucial role in increasing the resilience and competitiveness of EU operators. Preferential trade works At the end of 2025, the EU had in...

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24 Jul
Member News, News

Noerr | Digital Omnibus: AI Is Nearing the Finish Line – Is EU Data Law Heading Down the Wrong Track?

The provisional agreement reached on 7 May 2026 between the European Commission, the European Parliament and the Council of the European Union regarding the Digital Omnibus on AI falls short of its stated aim of promoting innovation. Against this backdrop, the yet-to-be-reached agreement on the Digital Omnibus (on data law) is of paramount importance for Europe’s attractiveness as a business location. Rather than rushing to close a deal, the EU should seize this opportunity to enact genuine reforms that avoid stifling AI innovation at...

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24 Jul
Member News, News

PwC | US Tax Policy – House Passes Budget Resolution for Third Reconciliation Bill Without Tax Committee Instructions

The House on July 22 passed by a vote of 216 to 214 a fiscal year 2027 budget resolution that would authorize a third budget reconciliation bill in the 119th Congress to address military spending, election security, and farm assistance. The proposed budget resolution contains $95 billion in reconciliation instructions for four House committees to approve their portions of the reconciliation legislation by September 11. The reconciliation instructions are for the Agriculture ($12 billion), Armed Services ($60 billion), Intelligence ($10 billion),...

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24 Jul
Chapter News, News

OECD | Corporate Tax Revenues Remain Elevated While Tax Rates Stabilise, According to New OECD Data

Corporate income tax (CIT) revenues remained at historically high levels in 2023, while corporate tax rates have broadly stablised, according to the 2026 edition of OECD Corporate Tax Statistics released today. Across 135 jurisdictions for which data is available, CIT revenues accounted for 17.3% of total tax revenues and 3.5% of GDP on average. While slightly lower than in 2022, these levels remain above pre-pandemic levels and earlier historical peaks. Corporate tax revenues continue to represent an important source of public finances, particularly...

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24 Jul
Member News, News, Trade & TTIP Related

Thompson Hine | USTR Implements Tariffs in Section 301 Forced Labor Investigations

On July 23, 2026, the Office of the U.S. Trade Representative (USTR) announced in a Notice of Action its final action in the Section 301 investigation of 60 economies for “their failure to impose and effectively enforce a prohibition on the importation of goods produced with forced labor.”  Under Section 301 of the Tariff Act of 1974, the USTR has made the following determinations: 10 percent is the appropriate rate of Section 301 duties for investigated economies that (i) impose a...

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24 Jul
Member News, News

Trepp | The CRE Rundown – The Big Picture (July 24, 2026)

(excerpt) Retail sales increased in May for the fourth straight month, while consumer sentiment—as measured by the University of Michigan's monthly survey of consumers—fell to a record low. How, then, are consumers financing their spending? The answer had been credit cards. Card balances grew in March and April at the strongest back-to-back pace in three years, but they fell by a 4.7% seasonally adjusted annualized rate in May, with the decline likely the result of repayment after heavy spring borrowing....

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24 Jul
Chapter News, News

IMF | How Central Banks Can Contain Financial Stability Risks as AI Accelerates Change

IMF Blog post | Stronger oversight, better data, and deeper coordination are needed to safeguard faster and more interconnected markets Artificial intelligence is reshaping how financial firms price risk, allocate credit, and respond to stress. It is increasingly embedded in the decision‑making architecture of the financial system. For central banks and financial supervisors, the key challenge is ensuring that AI is governed in ways that reinforce, rather than undermine, financial stability. Three priorities stand out: Strengthen oversight and governance of AI‑driven...

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23 Jul
Member News, News

Arendt | EBA Publishes ESG-focused Updates to Product Governance and Pillar 3 Disclosure Frameworks

On 30 June 2026, the European Banking Authority (EBA) published revised Guidelines on product oversight and governance (POG) for retail banking products. The revised Guidelines strengthen the existing POG framework by explicitly incorporating ESG and greenwashing considerations. Embedding ESG features into the POG framework The amended Guidelines clarify that product oversight and governance arrangements for retail banking products for both manufacturers and distributors should also apply to products with ESG features. Manufacturers and distributors are expected to take ESG features of a product into...

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21 Jul
Chapter News, News

European Commission Publishes Guidelines on Transparency Obligations for Providers and Deployers of Certain AI Systems

Today, the European Commission published guidelines to assist providers and deployers of artificial intelligence (AI) systems in meeting the AI Act's transparency obligations, which start to apply on 2 August 2026. Transparency obligations will help people recognise when they are interacting with AI or when content has been generated or altered by AI, reducing the risk of deception and manipulation. The guidelines published today clarify which providers and deployers must comply with the transparency obligations for interactive AI systems and...

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