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...

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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...

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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...

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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...

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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...

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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...

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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...

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