Chapter News

ECB | Learning from crises: our new framework for euro liquidity lines

The financial disruptions during the coronavirus pandemic and Russia’s invasion of Ukraine have once again underscored the importance of euro liquidity lines. The market tensions triggered by these crises squeezed euro liquidity in a significant number of non-euro area countries. In response, the ECB extended euro liquidity lines to the relevant central banks, thus enabling them to alleviate the funding strains on their domestic financial institutions. Providing euro liquidity to non-euro area countries shields the transmission of monetary policy...

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Member News

BBGFX | February 2024 Monthly

The coming weeks will likely continue the correction of the trends that began last month. The markets recognize that tightening cycle is over. However, they swung hard, pricing in aggressive easing by most of the G10 central banks, including the Federal Reserve and the European Central Bank. Official comments and some high-frequency economic data have encouraged participants to rein in their expectations, reducing the odds of a rate cuts in Q1 and paring back the extent of the cuts...

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Chapter News

ECB steps up climate work with focus on green transition, climate and nature-related risks

Increasing impact of climate crisis on economy and financial system drives need for more action ECB reaffirms commitment to ongoing climate actions and will review them regularly Three focus areas to guide work for 2024 and 2025: implications of green transition, physical impact of climate change, and nature-related risks for the economy and financial system The European Central Bank (ECB) has decided to expand its work on climate change, identifying three focus areas that will guide its activities in...

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Chapter News

IMF | Global Economy Approaches Soft Landing, but Risks Remain

Policy focus must shift to repairing public finances and improving medium-term growth prospects. The clouds are beginning to part. The global economy begins the final descent toward a soft landing, with inflation declining steadily and growth holding up. But the pace of expansion remains slow, and turbulence may lie ahead. Global activity proved resilient in the second half of last year, as demand and supply factors supported major economies. On the demand side, stronger private and government spending sustained activity, despite...

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Chapter News

European Council | Mercury: Council ready to start talks with Parliament to completely phase out mercury in the EU

Today the Council adopted its negotiating mandate for talks with the European Parliament on a proposal to phase out the use of dental amalgam and prohibit the manufacturing, import and export of a number of mercury-added products, including certain lamps. The proposal addresses the residual remaining uses of mercury in products in the EU, with a view to establishing a mercury-free Europe. The negotiating mandate, which was agreed at Coreper level, sets out the Council’s position for the start of negotiations (‘trilogues’)...

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Chapter News

ECB | The European Central Bank said 90% of big eurozone institutions don’t align with the Paris Agreement. What’s putting them most at risk is their exposure to companies in the energy sector.

The misalignment with the EU climate transition pathway can lead to material financial, legal and reputational risks for banks. It is therefore crucial for banks to identify, measure and − most importantly − manage transition risks, just as they do for any other material risk writes Frank Elderson, member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB. Eight years ago in Paris, global leaders reached a landmark agreement, committing to limit the...

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Member News

Mason, Hayes & Curran | What is AI Governance?

At the best of times, artificial intelligence terms can be a challenge to understand. When it comes to broader and even deeper AI topics like governance and ethics, it’s even more challenging and we often find ourselves grappling with the distinctions between them. In this article we are going to tackle, at a very high level, some of the key differences between: Data governance AI governance, and Ethical AI Data governance In a corporate setting, data governance involves setting policies and...

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Member News

Littler Mendelson | Global Non-Compete Reform – At a Glance Tracker

The United States is not the only country currently debating a reform to the law on non-competes. Notably, the UK Government has announced legislation that would limit the duration of non-competes to a period of 3 months after termination of employment. Multi-national employers will want to understand the extent to which these developments mark the start of a global trend. That said, most European and Asian jurisdictions have long-standing restrictions controlling the use of non-competes and, generally, they have not...

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Member News

Jaguar Freight | The Weekly Roar

In this Week’s Roar: geopolitics and emissions, adaptable supply chain management, a new trade route put on hold, positive Q1 news for shippers, and improving inventory management. In an era when supply chains around the world are trying to do more to decrease emissions, geopolitical issues in some parts of the world are working against those efforts. Specifically, we’re referring to the impact of the issues on the Red Sea. Diverting ships around the Cape of Good Hope is increasing emissions, as...

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Member News

EIB | European institutions join forces to boost the European space sector

Inter-institutional knowledge sharing and information exchange aims at reducing bottlenecks and improving access to finance for European space companies The European Commission, the European Investment Bank (EIB), and the European Space Agency (ESA) signed today at the Space Conference a collaboration arrangement to join forces to strengthen the European space sector. This will include small and medium businesses (SMEs) and start-ups and enhance Europe's position in space. The collaboration between the three institutions aims to foster cooperation and coordination with a...

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