In this week’s Roar: words of caution for supply chains, decent retail numbers, a normal ocean marketplace, declining truck tonnage, and a possible step back for port labor. The industry is getting a warning that supply chains are in the crosshairs of another upheaval, with the threat of a UPS strike and the possibility of Yellow going bankrupt. If both of those things happen, the results to the supply chain and the economy could be troublesome. Logistics professionals are being urged...

Read more

Ongoing market disruptions are changing the private equity (PE) landscape. Winning firms are increasingly relying on the outside‑in due diligence (OIDD) approach to help identify opportunities, mitigate risks, and increase returns—all of it with minimal up-front investment. According to the AlixPartners 8th Annual PE Leadership Survey, about half of industry leaders now expect deals to be fewer, take longer, and be harder to exit. The Objectives of OIDD OIDD provides rapid insights to (1) help PE firms mitigate risk and optimize the...

Read more

On Tuesday, July 25, 2023, U.S. Citizenship and Immigration Services (USCIS) will be issuing a new version of Form I-9, Employment Eligibility Verification. Form I-9 with a version date of (Rev. 08/01/23) will be available for use beginning August 1, 2023. The prior version of Form I-9 (Rev. 10/21/19) continues to be effective through October 31, 2023. Starting on August 1, 2023, employers may download the new Form I-9 (Rev. 08/01/23) from the USCIS website at www.uscis.gov/i-9. Beginning November...

Read more

Earlier this week, member countries’ representatives (Coreper) met in Brussels. On the agenda was the Cyber Resilience Act vote in the Council, which occurred on 19 July.  Member states have now agreed on a common position regarding the Cyber Resilience Act, which aims to establish cybersecurity requirements for products with digital components before they enter the market. The proposed legislation seeks to ensure that connected devices like home cameras, smart fridges, TVs, and toys are safe and protected against cyber threats in the EU. The idea for...

Read more

The European Banking Authority published a report on money laundering and terrorist financing risks associated with EU payment institutions. The report finds that these risks may not be assessed and managed effectively by stakeholders. On 16 June 2023, the European Banking Authority (“EBA”) published a report on money laundering and terrorist financing risks associated with EU payment institutions. The report finds that these risks may not be assessed and managed effectively by stakeholders. 1. Background The EBA carried out an assessment of...

Read more

The Data Privacy Framework (DPF) replaces the invalidated EU-U.S. Privacy Shield. Under the EU General Data Protection Regulation (GDPR), personal data can be transferred from the EU to the United States only if an approved data transfer mechanism has been implemented. The DPF offers multinational employers a streamlined mechanism for transferring the personal data of EU personnel from subsidiaries in the EU to the parent corporation and its subsidiaries and affiliates in the United States. The DPF alleviates the...

Read more

In the automotive industry, attention to detail is the driving force behind superior quality and design. Every element, every stitch, every material matters. Among these, a subtle yet influential factor takes center stage – color. While it’s often associated with exterior aesthetics, color in automotive interiors plays a critical role – it communicates personality, sets the ambiance, and signals quality. Interior Color: More Than Just an Aesthetic Choice Color in automotive interiors goes beyond mere decorative flair. It’s a silent narrative...

Read more

Originally published on LinkedIn by Brian Ruane, BNY Mellon | As we reach the mid-point of 2023, BNY Mellon remains committed to building an integrated collateral universe centered on the three pillars of mobility, collateral optimization, and resiliency. The year started with increased optimism as markets stabilized, inflationary pressures receded, and the usage of the Fed Reserve Repo facility began to fall from its 2022-year end peak of 2.55T. We saw early signs of movement from the Fed Reserve Repo Facility...

Read more

Like the many competitors at the recently wrapped Calgary Stampede, the M&A market in Q2 dusted itself off and showed its resilience. With continued strength in the middle market, an increase in distressed M&A and an uptick in go-private transactions, the first half of 2023 played out in many ways as we expected when we published our Look Ahead to 2023 in early January. A few things we did not anticipate included the collapse of Silicon Valley Bank (SVB) and...

Read more

Editor's Note: Texas, Oregon, and Delaware became the latest states to pass a comprehensive privacy bill, while the CPRA, Connecticut, and Colorado's privacy laws came into force. In the litigation world, the FTC filed an amended complaint against Kochava, and the HHS settled with a psychiatric center that disclosed patient information in an online review. This month, international efforts focused on AI, as European Parliament members approved the AI Act, and the Japanese privacy watchdog warned OpenAI about collecting...

Read more