Chapter News

13 May
Chapter News

OECD | Inheritance, estate and gift taxes could play a stronger role in addressing inequality and improving public finances

Inheritance taxation can be an important instrument to address inequality, particularly in the current context of persistently high wealth inequality and new pressures on public finances linked to the COVID-19 pandemic, according to a new OECD report. Inheritance Taxation in OECD Countries provides a comparative assessment of inheritance, estate and gift taxes across the 37-member OECD, and explores the potential role these taxes could play in raising revenues, addressing inequalities and improving the efficiency of tax systems in the future. The...

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13 May
Chapter News, New York Related News

Governor Cuomo Launches a New Decade of the Regional Economic Development Council Initiative

Round XI Will Award More Than $750 Million Across All 10 REDC Regions to Build Back Better in a Post-COVID Economic Recovery Governor Andrew M. Cuomo today launched Round XI of the Regional Economic Development Council initiative, officially kicking off a new decade of economic development in a post-pandemic recovery. The 2021 funding round includes more than $750 million in state economic development resources. The Consolidated Funding Application will open on May 10, enabling businesses, municipalities, not-for-profits and the public to begin applying...

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13 May
Chapter News

ECB | Central banks in a shifting world: selected takeaways from the ECB’s online Sintra Forum

The 2020 ECB Forum on Central Banking addressed some key issues from the ongoing monetary policy strategy review and embedded them in discussions of major structural changes in advanced economies and the post-COVID recovery. In this column, two of the organisers highlight some of the main points from the papers and debates, including whether globalisation is reversing, implications of climate change, options for formulating the ECB's inflation aim, challenges with informal monetary policy communication, relationships between financial stability and...

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13 May
Brexit News, Chapter News

John Bruton | Why did Brexit happen and what will be its effects?

Lecture given by John Bruton, former Taoiseach, to a webinar organised by the University of East Anglia in Norwich on Tuesday 11 May 2021 at 6.30pm | Ireland is more affected by what happens in the UK than is any other country. This is due to the facts that + Ireland is host to the UK’s only land border with another state + Geographically, Ireland’s easiest route to the Eurasian land mass is through UK territory + Politically, Ireland has been intertwined with the...

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12 May
Chapter News

European Green Deal: EU Commission aims for zero pollution in air, water and soil

Today, the European Commission adopted the EU Action Plan: “Towards Zero Pollution for Air, Water and Soil” – a key deliverable of the European Green Deal and the main topic of this year's EU Green Week. It sets out an integrated vision for 2050: a world where pollution is reduced to levels that are no longer harmful to human health and natural ecosystems, as well as the steps to get there. The plan ties together all relevant EU policies to tackle and prevent pollution,...

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12 May
Chapter News

EU Commission | Spring 2021 Economic Forecast: Rolling up sleeves

The Spring 2021 Economic Forecast projects that the EU economy will expand by 4.2% in 2021 and by 4.4% in 2022. The euro area economy is forecast to grow by 4.3% this year and 4.4% next year. This represents a significant upgrade of the growth outlook compared to the Winter 2021 Economic Forecast which the Commission presented in February. Growth rates will continue to vary across the EU, but all Member States should see their economies return to pre-crisis...

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11 May
Chapter News

ECB | A global accord for sustainable finance

Blog post by Fabio Panetta, Member of the Executive Board of the ECB | The COVID-19 pandemic has caused the largest decrease in global economic activity on record. But the drop in carbon dioxide emissions has been only temporary. Although global CO2 emissions fell by 6.4% overall in 2020, they had already begun to increase in the second half of the year and have now returned to pre-crisis levels. The fact that last year’s extraordinary circumstances still did not bring global emissions into...

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11 May
Chapter News

ECB | Private sector working group on euro risk-free rates publishes recommendations on EURIBOR fallbacks

Working group recommendations should help EURIBOR users comply with EU Benchmarks Regulation fallback obligations Key milestone reached with publication of recommendations as working group enters new phase and secretariat passes from ECB to ESMA The private sector working group on euro risk-free rates has today published its recommendations addressing events that would trigger fallbacks in EURIBOR-related contracts, as well as €STR-based EURIBOR fallback rates (rates that could be used if a fallback is triggered). While there is currently no plan...

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11 May
Chapter News

ECB updates treatment of leverage ratio in the Eurosystem monetary policy counterparty framework

Amendments to give effect to the leverage ratio becoming a binding Pillar 1 own-funds requirement under the Capital Requirements Regulation (CRR) Change will apply as of 28 June 2021 On May 7, the European Central Bank (ECB) has today published amendments to its monetary policy implementation Guideline to give effect to the leverage ratio becoming a binding Pillar 1 own-funds requirement. The amended guideline implements a decision taken by the Governing Council on 6 May 2021. The decision is linked...

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10 May
Chapter News, Trade & TTIP Related

USTR Releases Agency Transparency Principles

7 May, 2021, WASHINGTON | Ambassador Katherine Tai today released a set of transparency principles that establish the foundation for a high transparency standard for the day-to-day operations of the Office of the United States Trade Representative (USTR).  These Transparency Principles reflect the Administration’s commitment to comprehensive public engagement, including outreach to historically overlooked and underrepresented communities, as it develops and implements a trade policy that advances the interests of all Americans.  USTR will continue to build on these Transparency...

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