05 Oct
Member News

Loyens & Loeff | The Court of Justice of the European Union rules that a written contract may qualify as an invoice for VAT purposes

Last Thursday (29 September 2022), the Court of Justice of the European Union (ECJ) ruled (case number C-235/21) that a written agreement concluded between parties can be regarded as an invoice for VAT purposes. For those purposes, the agreement has to contain all the information necessary for control purposes by the tax authorities. In the case at hand, parties entered into a sale-and-leaseback agreement related to immovable property. However, after entering into that agreement, the parties did not issue an...

Read more

04 Oct
Member News

Noerr | Tougher rules for product liability in Europe

EU Commission presents draft of new EU Product Liability Directive after 37 years On 28 September 2022, the Commission presented its long-awaited draft of a new Product Liability Directive. The current Directive, which harmonises strict product liability in Europe, dates back to 1985. The new draft certainly packs a punch. If it comes into force in its current form after further discussion in the Council and Parliament, industry players will have to prepare for a much tougher approach to product...

Read more

04 Oct
Chapter News

IMF | How Illiquid Open-End Funds Can Amplify Shocks and Destabilize Asset Prices

Mutual funds holding hard-to-sell assets but offering daily redemptions can spark volatility and magnify the impact of shocks, especially in periods of market stress Mutual funds that allow investors to buy or sell their shares daily are an important component of the financial system, offering investment opportunities to investors and providing financing to companies and governments. Open-end investment funds, as they are known, have grown significantly in the past two decades, with $41 trillion in assets globally this year. That represents...

Read more

03 Oct
Member News

BBGFX | October 2022 FX Outlook

The historic dollar rally accelerated in September. By some measures, it is as rich as it has been in the half-century since the end of Bretton Woods. Persistent price pressures, a robust labor market in many dimensions, and the Federal Reserve's latest forecasts warn that financial conditions will tighten into next year. However, we suspect that the market may have seen peak Fed hawkishness when it briefly priced in a terminal Fed funds rate of around 5.50% towards the...

Read more

03 Oct
Chapter News

U.S. Fed | Speech by Vice Chair Brainard on global financial stability considerations for monetary policy in a high-inflation environment

Global Financial Stability Considerations for Monetary Policy in a High-Inflation Environment by Vice Chair Lael Brainard at “Financial Stability Considerations for Monetary Policy,” a research conference organized by the Board of Governors of the Federal Reserve System and the Federal Reserve Bank of New York, New York, New York | I want to start by thanking Anna Kovner, Rochelle Edge, and Bill Bassett for organizing this conference. The current global environment highlights the importance of having strong analytic and empirical...

Read more

30 Sep
Chapter News

An Exciting Month of September for the EACC Network

EACC is where the Action is, join us & be part of it! Activities during the Month of September at the EACC Network included: - @EACCCincinnati: Stammtisch - @EACCCincinnati: Trip to see Bengals vs. Miami Dolphins - @EACCNY: Meeting with Belgian Primeminister Alexander De Croo - @EACCNY: Briefing on Economic Effects of the War in Ukraine with Annika Eriksgård, Director for International Economic Relations & Global Governance, and Moreno Bertoldi, Acting Head of Unit, DG ECFIN – EUROPEAN COMMISSION) - @EACCCarolinas: Global Workforce Development ½...

Read more

30 Sep
Member News

Vulcan Insight | European Commission proposes eighth sanctions package against Russia

<< Back to All Member News A series of new EU sanctions against Russia may soon be on the way. Yesterday afternoon, Commission President Ursula von der Leyen and Higher Representative of the EU for Foreign Affairs and Security Policy, Josep Borrell presented the outline of a new sanctions package – the eighth since Russian President Vladimir Putin launched his invasion of neighbouring Ukraine in February. It was just last week, after President Putin had, among other things, threatened the West...

Read more

30 Sep
Member News

Jaguar Freight | The Outlook for Q4 2022

Headlines for Q4 2022: "Port News, Market Uncertainty, Softening Rates, and Slowing Growth" Global Port Performance The Headline: Congestion and labor uncertainty are still plaguing ports globally, although some recent flare-ups have been settled (e.g., the near-strike at US railroads.) This chart shows the steady decline of blank sailings to the US West Coast, but relative high volumes to the East over the past few months. There is a second strike scheduled by Felixstowe dock workers from 9/27 – 10/5 and...

Read more

30 Sep
Chapter News

ECB | Policy mix of the future: the role of monetary, fiscal and macroprudential policies

Remarks by Luis de Guindos, Vice-President of the ECB, at a panel at the conference “Future of Central Banking” organised by Lietuvos bankas and the Bank for International Settlements | Frankfurt am Main, 29 September 2022 | I am very pleased to participate in this conference to mark the centenary of Lietuvos bankas. Building on the ECB’s recent strategy review and our reflections on the policy mix, I will outline my views on the interplay between monetary, macroprudential and fiscal...

Read more

30 Sep
Chapter News

ECB | Natura finis magistra – acknowledging nature-related risks to make finance thrive

Keynote speech by Frank Elderson, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, at De Nederlandsche Bank/Official Monetary and Financial Institutions Forum conference on “Moving beyond climate: integrating biodiversity into financial markets” at Artis Zoo in Amsterdam The translation of the full Latin name of Artis Zoo, founded back in 1838 as “Natura Artis Magistra”, is “Nature is the teacher of the arts”. Today, nature has something to say to all...

Read more

«‹241242243244245›»