11 Oct
Member News

RavenPack Launches New Multilingual Artificial Intelligence (AI) Platform to Monitor Risks Globally

RavenPack announces the release of RavenPack Edge, a new AI platform that collects, reads, and analyzes billions of documents to help businesses better monitor and mitigate emerging risks. New York, September 22, 2021 — RavenPack, the leading provider of technology and insights for data-driven companies, has announced today the release of RavenPack Edge, a new AI platform that collects, reads, and analyzes billions of documents to help businesses better monitor and mitigate emerging risks. Capable of understanding content in 13...

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11 Oct
Chapter News

IMF | Sharing the Recovery: SDR Channeling and a New Trust

Options to magnify the impact of the Special Drawing Rights Allocation through voluntary channeling. One of the most significant measures introduced by the International Monetary Fund in response to the global pandemic was the recent historic allocation of Special Drawing Rights, or SDRs. The challenge now is to ensure this distribution is redirected—or channeled—to where the need is greatest. To that end, we are exploring three options to enable more resilient and sustainable economic futures for the poorest and most...

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11 Oct
Chapter News

Joint EU-US Statement on the Global Methane Pledge

Today, Executive Vice-President Frans Timmermans, who leads the EU's international negotiations on climate, and Special Presidential Envoy for Climate John Kerry hosted a virtual ministerial meeting to mobilise further support for the Global Methane Pledge. The co-convenors and Executive Director of the United Nations Environment Programme Inger Andersen affirmed the critical importance of rapidly reducing methane emissions as the single most effective strategy to reduce near-term global warming and keep the goal of limiting warming to 1.5 degrees Celsius within...

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11 Oct
Chapter News

U.S. FED Speech | Goodbye to All That: The End of LIBOR

Speech by Vice Chair for Supervision Randal K. Quarles at The Structured Finance Association Conference, Las Vegas, Nevada | Now that business travel has started to pick back up as we emerge from the COVID event, a prosaic but insistent problem has reappeared: what to read on a long plane flight. Like most of you, I try to get some work done—but, also like most of you, out of an amalgam of security concerns and indolence, I often don't succeed....

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11 Oct
Member News

Littler | European Whistleblowing Directive – Need to Know FAQs

The 17 December 2021 deadline for EU Member States to implement the EU Whistleblowing Directive into national laws is fast approaching. Private sector organisations in the European Union with 250 or more workers (and certain public authorities) will be required to comply with the new laws from that date, though those with 50-249 workers have until 17 December 2023 to do so. Importantly, the 50-worker minimum limit is removed for financial services firms and the UK is not required to introduce...

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11 Oct
Member News

Faegre Drinker | US Broadband in 2021; Policies Promoting Infrastructure, Competition, National Security and Universal Access

During his presidential campaign, President Biden committed “to build back better in rural America” by “expand broadband, or wireless broadband via 5G, to every American.” Last month, President Biden renewed his focus on “universal broadband” through the announcement of a bipartisan agreement for a large infrastructure bill that highlights broadband connectivity. Between setting the goal and realizing congressional appropriations to implement his “Build Back Better” initiative, federal (and in some situations, state) regulators have also confronted several important broadband infrastructure issues this...

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08 Oct
Chapter News

OECD | International community strikes a ground-breaking tax deal for the digital age

Major reform of the international tax system finalised today at the OECD will ensure that Multinational Enterprises (MNEs) will be subject to a minimum 15% tax rate from 2023. The landmark deal, agreed by 136 countries and jurisdictions representing more than 90% of global GDP, will also reallocate more than USD 125 billion of profits from around 100 of the world’s largest and most profitable MNEs to countries worldwide, ensuring that these firms pay a fair share of tax wherever...

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08 Oct
Chapter News

EU Plenary highlights: energy prices, tax revelations, Arctic

MEPs discussed solutions to the current energy price hikes as well as new tax avoidance revelations during October's first plenary session. Energy prices Parliament approved an update of the selection rules for energy projects eligible for EU funding to support making cross-border energy infrastructure more sustainable. In a debate with Energy Commissioner Kadri Simson, MEPs stressed the urgent need to support vulnerable households in the EU faced with record high gas and electricity prices. Tax revelations MEPs discussed the Pandora papers revelations, documenting global tax avoidance and tax...

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08 Oct
Chapter News

EU Environment Council, 6 October 2021

Main results EU environment ministers met in Luxembourg to exchange views on the Fit for 55 package, prepare the COP26 climate summit and discuss the new EU forest strategy for 2030. The Council adopted its position at first reading on modifications to the Aarhus Regulation. Ministers also discussed the current surge in energy prices. COP26 climate summit Ministers started the meeting with a discussion on the preparations for the United Nations Framework Convention on Climate Change (UNFCCC) meeting to be held from...

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08 Oct
Member News

Stibbe | EU Commission reveals first piece of antitrust sustainability puzzle

The European Commission has published a Policy Brief setting out its preliminary views on how to fit the European Green Deal’s sustainability goals into the EU competition rules. Companies keen to be green may be left in limbo by a looming clash with more far-reaching proposals from national competition authorities. More pieces of the antitrust sustainability puzzle will fall into place as soon as the ongoing review of the guidelines on horizontal cooperation is finalised. Never fear – more clarity is (almost) here? The Policy...

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