22 Oct
Chapter News

U.S FED | How Long is Too Long? How High is Too High?: Managing Recent Inflation Developments within the FOMC’s Monetary Policy Framework

Speech by Governor Randal K. Quarles on the economic outlook at the 2021 Milken Institute Global Conference "Charting a New Course," Beverly Hills, California | Thank you to the Milken Institute for the opportunity to join you today. This morning I'd like to outline my view of current economic conditions and the economic outlook and then turn to the implications for monetary policy. In particular, with employment still well below its February 2020 peak, I will focus on how the...

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22 Oct
New York Related News

Governor Hochul Announces Construction Start at Largest Green Hydrogen Plant in North America

$290 Million Electricity Substation and Green Hydrogen Fuel Production Facility in Genesee County Significant Investment in Green Hydrogen to Support State's Clean Energy Goals, Will Create up to 68 Jobs at State-of-the-Art Facility Project Represents First Build at the Western New York Science, Technology and Advanced Manufacturing Park in the Town of Alabama Investment Complements "Finger Lakes Forward" - The Region's Comprehensive Strategy to Revitalize Communities and Grow the Economy Governor Kathy Hochul today announced that leading alternative energy technology provider Plug Power has begun construction on...

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22 Oct
Member News

EIB | Modernising cohesion policy to help fight climate change in poorer EU countries

The European Investment Bank plans to increase support for economically weaker EU regions, while focusing on the transition towards a low-carbon economy. With cohesion, climate change must go hand-in-hand. Many of Europe’s poorer regions are among those most exposed to the impacts of climate change. But they also face possible negative consequences from the transition to the green, zero-emission, digital economy that we need to counter global warming. In the South, higher temperatures in already warm European countries such as...

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22 Oct
Member News

MJV | 4 RPA Cases To Get You Inspired

A special post with some successful RPA Cases so you can better understand how to improve processes with this solution. One thing leads to another. The need for Digital Transformation leads us to automation, which, in turn, leads us to RPA (Robotic Process Automation). For this reason, we from MJV think it is a good idea to introduce you to 4 RPA cases to get you inspired for the transformation of your area. We’re no strangers to robotic process automation, so today, we...

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22 Oct
Member News

Vulcan Insight | European Commission sets out its 2022 legislative agenda

This week, the European Commission presented its legislative agenda for the coming year, setting out 42 new initiatives and 26 existing ones for substantial revisions. The European Commission’s annual Work Programme provides a rough overview of the Commission’s political and legislative agenda and objectives for the year to come. Unsurprisingly, the largest package of actions comes under the Commission’s Green Deal objectives, counting 12 new legislative initiatives across five distinct packages. Under a new “Climate Measures Package,” the Commission’s Green Deal Commissioner...

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21 Oct
Member News

HSBC appoints James Gallagher as US Head of International Subsidiary Banking

James Gallagher is also on the Board of Directors for the EACCNY. NEW YORK – HSBC Bank USA today announced that James Gallagher has been appointed US Head of International Subsidiary Banking (ISB). In this role, he will focus on helping subsidiaries of international businesses expand in the US market. “We are thrilled that Jim will lead our ISB team in the US,” said Wyatt Crowell, Head of US Commercial Banking at HSBC. “Jim’s passion for people development and client growth...

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21 Oct
Chapter News

IMF | Surging Energy Prices May Not Ease Until Next Year

Soaring natural gas prices are rippling through global energy markets—and other economic sectors from factories to utilities. An unprecedented combination of factors is roiling world energy markets, rekindling the memories of the 1970s energy crisis and complicating an already uncertain outlook for inflation and the global economy. 'Energy futures indicate that prices are likely to moderate in the coming months.' Spot prices for natural gas have more than quadrupled to record levels in Europe and Asia, and the persistence and global dimension...

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21 Oct
Member News

CEA legal | The Growing Importance of Decentralized Finance (De-Fi)

Decentralized finance (DeFi) is a term used to encompass a growing number of financial services provided on blockchain platforms (mainly Ethereum). The DeFi industry has been becoming increasingly attractive thanks to its appealing premise allowing transactions to be carried out between peers without financial intermediaries, such as banks. Instead, the transacting parties “trust” smart contracts, which are self-executing software codes performed on a public blockchain, and as such fully visible by anyone and transparent. The revolutionary potentialities are limitless...

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21 Oct
Member News

CLA | Proposed Bill Would Terminate Employee Retention Credit for Q4 2021

New legislation proposes to terminate the $7,000 credit per employee for the fourth quarter of 2021 for qualifying organizations. Key insights The Employee Retention Credit may terminate after September 30, 2021. Recovery startup businesses would still qualify to claim the credit for the fourth quarter of 2021. A second bill dealing with “human” infrastructure may reinstate the credit for the remainder of the year, but there is no guarantee. Update: This article was originally published on August 2, 2021. It was...

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21 Oct
Chapter News

ECB Speech | “Hic sunt leones” – open research questions on the international dimension of central bank digital currencies

Speech by Fabio Panetta, Member of the Executive Board of the ECB, at the ECB-CEBRA conference on international aspects of digital currencies and fintech | Frankfurt am Main, 19 October 2021 | It is a pleasure to welcome you on behalf of the European Central Bank (ECB) to the fifth annual meeting of the International Finance and Macroeconomics Program of the Central Bank Research Association (CEBRA). This year’s meeting is taking place virtually. And it brings together participants from nearly...

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