Chapter News, News

ECB | The Transformative Power of AI: Europe’s Moment to Act

Speech by Christine Lagarde, President of the ECB | BratislavAI Forum on artificial intelligence and education as part of an OECD high-level event to mark the 25th anniversary of "Better Policies for Better Lives", Bratislava   It’s a privilege to speak with you today about artificial intelligence. In 1987 Robert Solow famously remarked that “you can see the computer age everywhere but in the productivity statistics.” The same observation could be made today. We see AI advancing at remarkable speed. Yet its aggregate...

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Commission Partners with Private Investors to Set up Multi-billion Scaleup Europe Fund

Today, the Commission brought together top-tier private investors from across Europe to jointly express their intention to establish the Scaleup Europe Fund – a new, multi-billion fund to invest inthe most promising European companies in strategic deep tech areas. By joining forces with these potential founding investors, the Commission moves ahead on the EU Startup and Scaleup Strategy aimed at building a dynamic and competitive startup and scaleup ecosystem across Europe. The Scaleup Europe Fund responds to the urgent need for...

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European Commission | Eurobarometer: Europeans Embrace the Social Economy and Call for More Support

A new Special Eurobarometer published today shows that the importance of the social economy is widely acknowledged, with 75% of Europeans recognising its importance for the well-being of society in their country. Consequently, a significant majority endorse policies aimed at developing the social economy, including the creation of dedicated strategies and laws (88%), awareness-raising initiatives (86%), assistance to help people set up social economy organisations (86%), and direct financial support from the public sector (80%). In addition, a significant number of...

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Member News, News

Bernastic Breakthrough: New Production Method Globalizes Climate Solution Across Multiple Industries

Bernastic, the materials innovation company founded by textile engineer and inventor Michael Bernstein, today announced a transformative development in its mission to turn fashion waste into scalable climate solutions. By leveraging processes inspired by agricultural pellet machinery—traditionally used for animal feed and adapted by industries such as grilling and fuel—Bernastic has created a new production pathway that simplifies manufacturing, reduces costs, and makes its solution globally replicable. At the heart of Bernastic’s innovation is its reinforced thermoplastic composite, which uses...

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PwC | Responsible AI: Now that AI is part of your business, what does it mean for audits?

This is the ninth in a series of articles focused on how Responsible AI is enhancing risk functions to deliver value and AI innovation. AI is reshaping how business gets done. Including yours. From finance and internal audit to IT and R&D, you’re already using AI to do more, with new levels of speed and insight. And you’re not alone. Your customers, your service providers, the teams who evaluate your controls and compliance — they’re all evolving, too. Which raises the question: What does...

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European Commission | 2025 Annual Progress Report: Simplification, Implementation and Enforcement

This first annual progress by Maria Luís Albuquerque, Commissioner for Financial Services and the Savings and Investments Union, covers the period from January to July 2025. It describes the simplification measures during this time-frame and provides feedback from the Commissioner’s first implementation dialogue and reality checks. It also includes key implementation and enforcement actions undertaken in this reporting period. In the Political Guidelines for the next European Commission 2024-2029, President von der Leyen advocated for a “simpler and faster Europe” to improve EU competitiveness...

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(European) Parliament will deliver – President Metsola to EU leaders

Addressing EU leaders at today's European Council, European Parliament President Roberta Metsola said that Parliament will deliver, making things better, simpler and easier. Dear António, dear colleagues, Congratulations on the adoption of the 19th package of sanctions. This was good news. On a less positive note - yesterday’s vote on the CSRD and CSDDD sustainability omnibus showed that for a huge section of the European Parliament, this compromise simply did not go far enough. That even with the best attempt at...

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AICEP Portugal Trade & Invest | Portugal’s Stability Strengthens Appeal to Global Investors

Portugal’s credibility, combined with a solid regulatory framework, makes its capital market an increasingly attractive destination for global investors, says Luís Laginha de Sousa, Chairman of the CMVM – Portuguese Securities Market Commission. The regulator has been stepping up efforts to raise awareness of how the market works and to highlight its potential among companies, investors, and other economic stakeholders. What makes the national capital market attractive to international investors? Portugal’s credibility is clearly recognised by international investors who regularly participate...

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Arendt | Corporate Sustainability Reporting in 2025: ESMA Clarifies Top Priorities and Best Practices for Preparers, Auditors and Supervising Bodies, Amid Regulatory Uncertainty

On 14 October 2025, the European Securities and Markets Authority (ESMA) published its annual Public Statement on the European Common Enforcement Priorities (ECEP) for the 2025 annual reports of issuers admitted to trading on the European Economic Area (EEA) regulated markets. The ECEP was accompanied by a report on the results of a fact-finding exercise on the 2024 corporate sustainability reporting practices under the European Sustainability Reporting Standards (ESRS). The ECEP package comes at a time of turmoil in the sustainability...

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Member News, New York Related News, News

Greenberg Traurig | New York Poised to Be at the Forefront of AI Regulation – Five Bills Await Gov. Hochul’s Action

Among the hundreds of bills passed during New York’s 2025 legislative session are several pieces of legislation that impose regulations on developing and using AI. While some of the measures are aimed at refining recently adopted laws, some of the bills would regulate the technology in entirely new ways. The governor is a strong supporter of advancing AI technology, previously stating, “hoever leads in the AI revolution will lead the next generation of innovation and progress, and we’re making sure...

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