Member News

CLA | Workforce Challenges: Pre- and Post- Pandemic

Key Insights Fair compensation levels and flexible work arrangements can give you a better chance of attracting and retaining talented workers. The pandemic brought insecurity that gave the upper hand to organizations offering stability and reassurance to employees. Providing a strong culture may help develop a workforce more adaptable to situations like a pandemic. Leaders that offer new challenges and diverse opportunities are more likely to keep their employees interested and engaged. Prior to the COVID-19 pandemic, when business owners...

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Chapter News

IMF | The Future of Money: Gearing up for Central Bank Digital Currency

By Kristalina Georgieva, IMF Managing Director | Atlantic Council, Washington, DC | Ladies and gentlemen, friends, Let me start by thanking the Atlantic Council for providing a fitting venue to discuss central banks’ forays into Digital Currencies. Since its founding in 1961, the Council has made important contributions to strategic, political, and economic policy debates. Those debates have served us well, helping us to test the boundaries of our thinking and be better prepared for what lies ahead. So, today, we aim to...

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Chapter News

IMF | The Currency Revolution

Eswar S. Prasad explains how technology is transforming the nature of money and how that will affect our lives | In his latest book, The Future of Money: How the Digital Revolution Is Transforming Currencies and Finance, the Cornell University professor describes how digital currencies and other financial technologies are reshaping everything from consumer banking to monetary policy and international payments. In a conversation with F&D’s Chris Wellisz, Prasad lays out the advantages and perils of the new forms of...

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Member News

Troutman Pepper | More Privacy, Please February Edition

Editor's Note: Organizations continue calling for a comprehensive federal privacy law, and U.S. states continue trying to fill the void by proposing their own such laws. The latest states to do so include Mississippi and Vermont. Meanwhile, the Federal Trade Commission (FTC), state attorneys general, and private litigants continue litigating, using the mélange of privacy laws available to them, including Illinois' Biometric Information Privacy Act (BIPA) and the Telephone Consumer Protection Act (TCPA). In litigation, defendants have seen some...

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Member News

VIA | 5 myths about using TransitTech in rural transportation networks

While rural agencies have begun exploring new ways to further increase the flexibility and responsiveness of their Dial-a-Ride services — including offering fully on-demand service — many of them have rightly been cautious about getting onboard with a tech-powered transit option, or on-demand microtransit. Will riders who prefer to pre-book be excluded? How about riders without smartphones? Can tech-enabled services operate in areas of low data or cellular connectivity? Will upgrading technology break the bank? Below are the top five...

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Chapter News

European Health Union: HERA launches first work plan with €1.3 billion for preparedness and response to health emergencies in 2022

The new European Health Emergency Preparedness and Response Authority (HERA) today presents its first annual work plan, which will have a budget of €1.3 billion in 2022 to prevent, prepare for and rapidly respond to cross-border health emergencies. Following the adoption of the 2022 work plan by the HERA Board, HERA can now start implementing actions to strengthen preparedness and response capabilities within the EU, address vulnerabilities and strategic dependencies and contribute to reinforcing the global health emergency architecture. Announcing...

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Chapter News

ECB | Recent inflation developments in the United States and the euro area – an update

After headline inflation had already reached very high levels in the United States in the first half of 2021, euro area inflation also recorded a very rapid increase in the second half of the year but remained much lower than in the United States. Comparing inflation developments in both economic areas could help to separate idiosyncratic factors from those related to the cyclical position, taking into account the fact that the euro area is lagging the US cycle. By...

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Member News

Elvinger | European Electronic Communication Code adopted

This article was original published on Elvinger's website and a link to access it may be found here | What happened? The Law of 17 December 2021 on electronic communications networks and services   ("Law") was published on 22 December 2021 and came into force on 26 December 2021. It repeals the former regime set out by the Law of 27 February 2011 on electronic communications networks and services. What is the main takeaway? The new legislative regime transposes into Luxembourg law the European Electronic Communications...

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Member News

Wilson Sonsini | Legal Requirements for Mitigating Bias in AI Systems

An alphabet soup of U.S. government agencies has taken steps toward regulating artificial intelligence (AI). Last year, Congress passed the National Artificial Intelligence Initiative Act, which creates numerous new initiatives, committees, and workflows on AI, with the goal of preparing the federal workforce, conducting and funding research, and identifying and mitigating against risks. In November 2021, the White House announced efforts to create a bill of rights for an automated society. And members of Congress are introducing bills like...

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Member News

Troutman Pepper | SEC Throws Down the Gauntlet and Proposes Significant New Private Fund Adviser Rules/Amendments to Existing Investment Advisers Act Rules

On February 9, the Securities and Exchange Commission (SEC) proposed numerous new rules and amendments to existing rules and Form ADV under the Investment Advisers Act of 1940, as amended (Advisers Act). The proposed changes significantly impact private funds, as well as compliance, cybersecurity risk management, and books and records requirements for all registrants. The SEC issued the proposals under three distinct releases: (1) private fund advisers; documentation of registered investment adviser compliance reviews; (2) cybersecurity risk management for...

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