Member News

Elvinger | GDPR in the health research sector: EDPB response to EU Commission on a consistent application

What happened? On 2 February 2021, the European Data Protection Board (the “EDPB”) adopted its response to the European Commission’s request for clarification on the consistent application of the GDPR1 in the field of health research (the “EDPB Response”). On several occasions, questions posed to the EDPB have remained partly unanswered or open. The EDPB underlines that it will soon clarify these points in its forthcoming Guidelines on the processing of personal data for scientific research purposes (to be released during 2021). Main...

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Chapter News

ECB | Making waves – Fed spillovers are stronger and more encompassing than the ECB’s

This article argues that European Central Bank (ECB) and Federal Reserve System (Fed) monetary policy spill over to other countries asymmetrically. At the bilateral level, the Fed’s impact on the euro area is material to firms’ financial conditions and economic activity. Conversely, the impact of the ECB’s actions on the US economy is minimal. On a global scale, both central banks’ monetary policies matter for other countries, but the Fed’s monetary policy has a more sizeable impact, particularly on...

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Chapter News

ECB publishes the results of the public consultation on a digital euro

Citizens and professionals alike value privacy most for possible future digital euro Preference for a digital euro being integrated into existing banking and payment systems Public consultation provides valuable input for Eurosystem’s decision in mid-2021 on starting formal investigation on digital euro The European Central Bank (ECB) has published today a comprehensive analysis of its public consultation on a digital euro. The analysis confirms, by and large, our initial findings: what the public and professionals want the most from...

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Chapter News

NextGenerationEU: Commission gets ready to raise up to €800 billion to fund the recovery

The Commission has today taken steps to ensure that borrowing under the temporary recovery instrument NextGenerationEU will be financed on the most advantageous terms for EU Member States and their citizens. The Commission will use a diversified funding strategy to raise up to around €800 billion in current prices until 2026. This approach, which will be in line with the best practices of sovereign issuers, will enable the Commission to raise the needed volumes in a smooth and efficient...

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Member News

Osborne Clarke | Energy and Utilities Battery technology advances are powering the rapid rise of electric vehicles

Patents filed, research and investment are undergoing sustained growth, which is reducing costs in an increasingly mature market Electric vehicles (EVs) have been commercially available for some time, but their popularity has been growing in recent years as greater emphasis has been placed on green alternatives to traditional fuels, and their average cost has come down. Rapid advances in technology to support EV efficiency and charging capabilities look set to make EVs even more attractive, as government targets and regulations...

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Member News

RPJ Law | The Vaccinated Workplace: Recent Developments and Controversies

With President Biden announcing that all adults in the United States should be eligible to receive the Covid-19 vaccine by April 19 and Covid-19 restrictions being lifted or eased throughout much of the country, many businesses that had remained shuttered or remote throughout the pandemic are considering the return of their workforce to the workplace. Along with such considerations, there is one question on many employers’ minds: can they mandate employees get the Covid-19 vaccine? EEOC Guidance Regarding Mandatory Vaccination The...

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Member News

CLA | 6 Market Trends That Could Alter Your Path to Financial Security

Key insights Trillions of dollars in government stimulus saved markets from a liquidity crisis; sitting in cash and fixed-income assets generates a negative real return. Government support will likely continue in 2021, which presents opportunities to put your cash to work. Recent short-term market volatility and political transition exemplify the value of a long-term investment plan in all economic cycles. For investors, 2020 was a rollercoaster of epic proportions. Between a pandemic, a market crash, a rebound to record highs,...

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Chapter News

IMF | From Vaccines to V-Shaped Recovery in Europe

One year into the pandemic, Europe finds itself at another turning point. New waves of infection are hitting the continent, requiring new lockdowns. But, unlike last year, safe and effective vaccines are now available. While the pace of vaccination is still slow, an end to the pandemic is in sight. Reflecting the periodic infection waves and the pace of vaccinations, the economic recovery in Europe is still halting and uneven. While industrial production has returned to pre-pandemic levels, the service sector...

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Chapter News

OECD | Policy reset can deliver a stronger, more resilient, equitable and sustainable post-pandemic recovery

The COVID-19 pandemic has brought social and economic disruption worldwide, but is also providing governments with the opportunity to put economies on a more sustainable and inclusive growth path while addressing the underlying challenges, according to the OECD’s Going for Growth policy report. Going for Growth 2021: Shaping a Vibrant Recovery analyses pre-existing weaknesses as well as those brought on by the pandemic, and offers policy makers country-specific advice to seize the opportunity for a fundamental reset. OECD Secretary-General Angel Gurría and Italian Minister...

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Chapter News

FSB Chair’s letter to G20 Finance Ministers and Central Bank Governors: April 2021

The factors to consider on COVID-19 support measures, and a roadmap to address climate-related financial risks. This letter from the FSB Chair, Randal K. Quarles, to G20 Finance Ministers and Central Bank Governors ahead of their virtual meeting on 7 April notes that, while progress is moving at different speeds across jurisdictions, the vaccine rollout heralds an inflection point in the COVID-19 pandemic. While it is sensible to keep measures that support financial system stability and financing of the real...

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