Chapter News

ECB | Interview: Fiscal and monetary support are crucial

Interview with Isabel Schnabel, Member of the Executive Board of the ECB, conducted by Ingūna Ukenābele on 22 February 2021 | How would you describe the current economic situation in the euro area? In the course of the pandemic, we have experienced the deepest economic downturn since World War II. After the strong decline in economic activity following the first wave of infections in the spring of 2020, we saw a strong rebound, supported by the decisive fiscal and monetary policy...

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Chapter News

OECD calls on countries to crack down on the professionals enabling tax and white collar crimes

Countries should increase efforts to better deter, detect and disrupt the activities of professionals who enable tax evasion and other financial crimes, according to a new OECD report. Ending the Shell Game: Cracking down on the Professionals who enable Tax and White Collar Crimes explores the different strategies and actions that countries can take against those professional service providers who play a crucial part in the planning and pursuit of criminal activity, referred to in the report as “professional enablers.”...

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Member News

UBP IAS | Change of CEO

The UBP IAS Board of Directors appointed Ms. Eva Kathrin Genovese-Delwing as the CEO of UBP IAS, replacing Mr. Deepak Soni who left to pursue other opportunities. Kathrin Genovese joined the UBP Group in February 2020 and took up her new position with UBP IAS on 18 January 2021. She has three decades of experience in the financial industry, including senior roles at a large Swiss bank and a family office, having held various leadership positions such as CFO and...

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Member News

A&L Goodbody | Review of Irish merger control in 2020

A&L Goodbody's EU, Competition & Procurement team has published its report on merger control by Ireland's Competition and Consumer Protection Commission (CCPC) in 2020. It gives an insight into who bought whom, how long it took to get approval, when issues arose, which sectors were in play and so on. Despite the events of 2020, the number of deals notified to the CCPC was not down materially – 13% from 47 to 41. ICT, healthcare, financial services and retail were the sectors most in...

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Chapter News

IMF | The Great Divergence: A Fork in the Road for the Global Economy

As G20 finance ministers and central bank governors meet virtually this week, the world continues to climb back from the worst recession in peacetime since the Great Depression. The IMF recently projected global GDP growth at 5.5 per cent this year and 4.2 per cent in 2022. But it is going to be a long and uncertain ascent. Most of the world is facing a slow rollout of vaccines even as new virus mutations are spreading—and the prospects for recovery...

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Member News

Ogletree | Where to Open Shop: New Report Ranks the Best Places to Do Business in the U.S.

The COVID-19 pandemic continues to affect the global economy, and employers are increasingly considering which are the most and least employer-friendly places  new offices, distribution centers, and operational locations, both during the pandemic and after emerging from it. The Arizona State University Center for the Study of Economic Liberty recently released Doing Business North America 2020 (DBNA), a report analyzing and comparing data indicative of the regulatory context for business activity in a number of metropolitan areas. The report ranked 130 cities across...

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Member News

Galileo Global Advisors partners to launch the Capital Market Development initiative with former NYSE and LSE senior executives

Capital markets (dys)functioning and regulation  are again at the center of public attention and even congressional investigations. The need to recenter them on their core mission  and purpose has hardly been grater, not only for the marketplace, but for market participants. Even the court of public opinion is starting to believe that their valuation function is questionable. From my experience as a former Group EVP of the New York Stock Exchange, I decided to join forces with former exchange...

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Member News, New York Related News

Marks Paneth | New York State budget proposals: What’s in store for high-net-worth individuals?

On January 19, 2021, Governor Andrew Cuomo outlined the Fiscal Year (FY) 2022 Executive Budget in the wake of the ongoing COVID-19 pandemic. The timing and amount of federal aid will determine the level of tax increases that will be enacted by the state in FY 2022. If Congress fails to provide at least $15 billion in funding, the New York State Executive Budget proposes several significant tax law changes, as follows. Increase in Tax Rates on Highest Earners:  The...

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Member News

EIB | Boosting Investments in European digital ventures to unleash the full potential of 5G

Study makes recommendations for more ambitious 5G investment in Europe European ventures developing 5G-related applications and business models are facing significant public and private sector financing shortfalls Investment in 5G is higher in the United States and Asia than in Europe The accelerating rollout of 5G infrastructure has become a key battleground in a broader struggle for control over the industries of the future. At the same time, the race to build 5G networks and reap the significant benefits...

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Chapter News, Trade & TTIP Related

International trade statistics: trends in fourth quarter 2020

Final quarter of 2020 shows continued recovery in G20 international merchandise trade | Download the entire news release (including graphs and tables PDF) 23 Feb 2021 - G20 international merchandise trade continued to rebound in the fourth quarter of 2020 (exports up 7.2% and imports up 6.8%), following the sharp falls seen in the first half of 2020, as lockdown measures affected trade globally. Although growth in the fourth quarter of 2020 was strong, it shows a reduction compared to the unprecedented expansion observed in the third...

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