10 May
Chapter News

ECB | Euro money market statistics: Second maintenance period 2022

Daily average borrowing turnover in the unsecured segment decreased from €138 billion in the first maintenance period of 2022 to €137 billion in the second maintenance period of 2022 Weighted average overnight rate on borrowing transactions in the unsecured segment remained stable at -0.56% for the wholesale sector and decreased from -0.57% to -0.58% for the interbank sector Daily average borrowing turnover in the secured segment decreased from €429 billion to €404 billion, with a weighted average overnight...

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10 May
Chapter News

The Broadband Platform discusses ways to improve digital cohesion in Europe

The European Committee of the Regions and European Commission held the 4th meeting of the Broadband Platform on 6 May, focusing on ways to improve the digital infrastructure in the European Union by adding the concept of digital cohesion to the ones of social, economic and territorial cohesion recognised by the Treaties. The Covid-19 pandemic and the worsening geopolitical context caused by the Russian invasion of Ukraine have shown how important technology and digital tools are to help citizens to...

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09 May
Member News

Speech by William R. Rhodes | Major threats to China’s economy

Speech by William R. Rhodes at the China-US Business Alliance on 04 May, 2022 | Thank you, John, for the very kind introduction.  I always enjoy having the opportunity to speak to this group.  Some of you may have seen my recent op-ed on the major threats to China’s economy which I will discuss today.  As we all know, China is the world’s 2nd largest economy and over the last decade the fastest growing major one in the world. This is...

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09 May
Chapter News

Questions and Answers – Conference on the Future of Europe

What are the results of the Conference on the Future of Europe? The results of the Conference are presented in the report on the outcome of the Conference, handed over to the Presidents of the European Parliament, the Council and the European Commission on 9 May 2022. The centrepiece is the 49 proposals for the future of Europe set out in that report, covering nine topics: climate change and the environment; health; a stronger economy, social justice and jobs; EU...

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09 May
Member News

Jaguar Freight | Ports Front-and-Center

In this week’s Roar: the latest news on ports, shifting ocean carrier alliances, potential changes for US/ China tariffs, the state of US intermodal, and easing container demand. Port performance on the US West Coast is not improving as we move closer to the vital peak shipping season. There’s a lot of bad news that’s going to translate into even higher costs for the consumer. A recent report states that 20% of the global container fleet is mired in congested...

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06 May
Chapter News

IMF | Money at a Crossroad: Public or Private Digital Money?

Digital money is reaching a crossroad, where today’s policy and regulatory choices will affect the evolution of the monetary and payments landscape. Should future money in circulation be mostly publicly issued in the form of central bank digital currency (CBDC) or privately issued, or is there space for a healthy balance of the two? How do trends in “private” crypto assets affect plans to develop CBDC? This seminar will explore these and other questions with high-level policymakers from around...

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06 May
Member News

Steptoe | European Court Boosts Representative Actions for GDPR Infringements

On April 28, 2022, the Court of Justice of the European Union (CJEU) held that a consumer protection association had standing to bring claims on behalf of consumers whose personal data was used in a manner that infringes on provisions of the GDPR. The key issue put to the CJEU was whether national legislation permitting a consumer protection association to bring proceedings in the civil courts against infringements of GDPR was valid: (1) independent of the specific infringements of...

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06 May
Member News

Vulcan Insight | DSA brings an end to the “wild west” of the internet

After only 18 months of negotiations, the European Parliament and EU Member States finally reached an agreement on the Digital Services Act (DSA), a new set of rules that increases companies’ responsibility for the content that their users upload. The breakthrough was announced by the Executive Vice-President and Commissioner for Competition and digital policy, Margrethe Vestager, on Twitter in the early hours of Saturday morning after a final marathon of negotiations. “We have an agreement on DSA: the Digital Services...

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05 May
Chapter News

ECB | Philip R. Lane: The euro area outlook: some analytical considerations

Speech by Philip R. Lane, Member of the Executive Board of the ECB, at Bruegel | Introduction There are three main analytical challenges in assessing the economic and inflation outlook for the euro area. First, the pandemic remains a first-order driving force. Over the winter, pandemic restrictions still limited economic activity in the euro area. While these restrictions are currently being lifted and case numbers are declining, the current set of restrictions in China is contributing to a further wave of...

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05 May
Chapter News

European Health Data Space

In order to unleash the full potential of health data, the European Commission is presenting a regulation to set up the European Health Data Space. This proposal supports individuals to take control of their own health data, supports the use of health data for better healthcare delivery, better research, innovation and policy making and enables the EU to make full use of the potential offered by a safe and secure exchange, use and reuse of health data. The European Health...

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