Chapter News

IMF | Pandemic Tests Resilience and Credibility of Fiscal Rules

Record debt and deficits during the pandemic prompted many nations to suspend their fiscal rules. Since 1990, a growing number of countries have adopted fiscal rules to strengthen budgetary discipline and enhance the credibility of public finances. These numerical limits on spending, deficits, or debt signal a government’s commitment to prudence. At the same time, fiscal councils are becoming more common to provide independent oversight and monitor the compliance of rules. What happens when a country must respond to a large...

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Chapter News

IMF | Low Real Interest Rates Support Asset Prices, But Risks Are Rising

A large and sudden jump in real interest rates could lead to a further selloff in stocks. Supply disruptions coupled with strong demand for goods, rising wages and higher commodities prices continue to challenge economies worldwide, pushing inflation above central bank targets. To contain price pressures, many economies have started tightening monetary policy, leading to a sharp increase in nominal interest rates, with long-term bond yields, often an indicator of investor sentiment, recovering to pre-pandemic levels in some regions such as...

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Chapter News, COVID-19 News

COVID-19: EU Council adopts a revised recommendation on measures affecting free movement, based on the individual situation of persons and no longer on the region of origin

The EU Council today adopted a recommendation on a coordinated approach to facilitate safe free movement during the COVID-19 pandemic. This recommendation responds to the significant increase in vaccine uptake and the rapid roll-out of the EU digital COVID certificate, and replaces the previously existing recommendation. It will enter into force on 1 February 2022, on the same day as a delegated act amending the digital COVID-19 certificate regulation and providing for an acceptance period of 270 days for...

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Chapter News

EU Commission puts forward declaration on digital rights and principles for everyone in the EU

Today, the Commission is proposing to the European Parliament and Council to sign up to a declaration of rights and principles that will guide the digital transformation in the EU. The draft declaration on digital rights and principles aims to give everyone a clear reference point about the kind of digital transformation Europe promotes and defends. It will also provide a guide for policy makers and companies when dealing with new technologies. The rights and freedoms enshrined in the EU's...

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Member News

WSGR | Fintech and Financial Privacy: Regulatory Developments on the Use of Financial Data

So you're a fintech startup, buying a fintech company, or expanding the technical capabilities of your financial business. Or you're a tech company that is getting into the payments space. Where do you start when it comes to figuring out what consumer protection laws apply to you? You should be aware that, for the past several years, the Federal Trade Commission (FTC) and the Consumer Financial Protection Bureau (CFPB) have been actively enforcing consumer protection laws in the fintech...

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Member News

CitizenM | Environmental and Social Responsibility

Vision We want to influence positive change in a world where we are simply guests. How we build If you care about the environment, you probably want to work for a company that feels the same. In that case, we're a good match! We think sustainability is as important as being a good neighbour. It's on our mind from the moment we pick a building or conversion site. Let's get into some industry speak. We require all our new-build hotels to achieve at...

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Member News

RavenPack | 12 Insights from 2021 to use in 2022

To help you make the most of evolving market conditions, we have gathered 12 insights from 2021 research that can be leveraged in 2022. The last two years illustrated the need for refinement and adaptability in investment strategies, and 2022 seems poised to amplify the trend. Faced with uncertainty over macroeconomic factors, supply chain risk, and volatile markets, investors are sourcing insights from more elaborate analytics, and multidimensional sentiment has emerged as a reliable signal to enhance style in fixed-income, anticipate...

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Chapter News

Federal Reserve Board releases discussion paper that examines pros and cons of a potential U.S. central bank digital currency (CBDC)

The Federal Reserve Board on Thursday released a discussion paper that examines the pros and cons of a potential U.S. central bank digital currency, or CBDC. It invites comment from the public and is the first step in a discussion of whether and how a CBDC could improve the safe and effective domestic payments system. The paper does not favor any policy outcome. "We look forward to engaging with the public, elected representatives, and a broad range of stakeholders as...

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Member News

BPB CPA | Lease Accounting Standards Effective for Private Businesses in 2022

After numerous false starts, the time has finally come for private companies to begin reporting leases on their balance sheets and comply with the lease-accounting standards first introduced by the Financial Accounting Standards Board (FASB) in late 2015. While most public companies adopted Accounting Standards Update (ASU) Topic 842 in 2019, privately held business were granted several delays and now have until Dec. 31, 2022, or the first annual report filing of the year, to apply the new lease...

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Member News

GT Law | 5 Trends to Watch in 2022 Robotics

Growing Investment in Robotics Companies – Investors continue funding the latest robotics innovations in various industries, including the medical, manufacturing, logistics, hospitality, and automotive sectors. With plenty of cash in the market, venture capital (VC), private equity (PE), and strategic investors aim to capitalize on and steer development of disruptive robotics technologies. Intellectual Property (IP) Is Critical for Robotics Innovations – Patents and trade secrets continue to be essential tools for protecting robotics innovations and maintaining a competitive edge. Strategic companies...

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