18 Feb
Chapter News

IMF | Public and Private Money Can Coexist in the Digital Age

We value innovation and diversity—including in money. In the same day, we might pay by swiping a card, waving a phone, or clicking a mouse. Or we might hand over notes and coins, though in many countries increasingly less often. Today’s world is characterized by a dual monetary system, involving privately-issued money—by banks of all types, telecom companies, or specialized payment providers—built upon a foundation of publicly-issued money—by central banks. While not perfect, this system offers significant advantages, including: innovation...

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18 Feb
Member News

EIB | Capital increase for EIF boosts finance for COVID-19 impacted companies and strengthens support for green and digital transformation of the EU economy

The shareholders of the European Investment Fund (EIF) have approved a 64% increase of the EIF’s share capital from €4.5 billion to €7.4 billion. The EIF’s capital increase will bring substantial additional resources to scale up support for the SME financing market, and venture and growth capital activity. The capital increase will enable the EIF to play a key role in rolling out InvestEU, the EU’s investment programme for 2021-2027, thereby also supporting the green and digital transformation of the...

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18 Feb
Chapter News, Trade & TTIP Related

EU Commission sets course for an open, sustainable and assertive EU trade policy

The European Commission has today set out its trade strategy for the coming years. Reflecting the concept of open strategic autonomy, it builds on the EU's openness to contribute to the economic recovery through support for the green and digital transformations, as well as a renewed focus on strengthening multilateralism and reforming global trade rules to ensure that they are fair and sustainable. Where necessary, the EU will take a more assertive stance in defending its interests and values,...

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18 Feb
Chapter News

ECB | Annual accounts 2020

The annual accounts of the ECB reflect the financial position and the results of the ECB’s operations at year-end. They comprise the management report, the financial statements (i.e. the Balance Sheet, the Profit and Loss Account, a summary of significant accounting policies and other explanatory notes), the independent auditor’s report and the note on profit distribution/allocation of losses. The financial statements are prepared in accordance with the accounting policies laid down in the relevant legislation and are specific to the European System of...

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17 Feb
Chapter News, COVID-19 News

EU Commission welcomes European Parliament’s approval of Recovery and Resilience Facility

Our ‘Next Generation EU’ recovery plan is about more than just money. It’s a very strong message of solidarity and of trust in the European Union. Now it’s time to deliver! The Recovery and Resilience Facility – a key part of our recovery plan – is on its way to becoming a reality after today’s signature. This will play a crucial role in helping Europe overcome the economic and social impact of the pandemic and will help us to secure the...

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17 Feb
Member News

ACG Resources | A Guide To Making Better Management Decisions

One of the potentially frightening things about being a manager is the need to make decisions; many, many decisions. This is typically more of a problem for new managers than it is for experienced managers, but it would not hurt either type of manager to brush up on how to make better management decisions. The rest of this article will mainly focus on “bigger” management decisions, or those that happen less frequently and are more likely to have a...

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17 Feb
Chapter News, COVID-19 News

Coronavirus: preparing Europe for the increased threat of variants

Today, the Commission is proposing immediate action to prepare Europe for the increased threat of coronavirus variants. The new European bio-defence preparedness plan against COVID-19 variants called “HERA Incubator” will work with researchers, biotech companies, manufacturers and public authorities in the EU and globally to detect new variants, provide incentives to develop new and adapted vaccines, speed up the approval process for these vaccines, and ensure scaling up of manufacturing capacities. Taking action now is important as new variants continue to emerge and...

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17 Feb
Chapter News

EUIPO | No more fax, no more CDs, no more attachments

Improved technology heralds a new era in EUIPO communications From 1 March 2021, a number of important changes will affect the way the EUIPO communicates with customers. The changes are reflected in two key decisions recently adopted by the Executive Director of the EUIPO. 100% eComm No more fax: as fax communications prove less and less reliable the EUIPO has discontinued its fax service as a means of communication in EUIPO procedures. Fully eComm: the EUIPO’s secure e-communications platform will be...

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17 Feb
COVID-19 News, Member News

CLA | COVID-19 Debt Relief, Without a Tax “Bite” Later

Key insights Debt cancelation amounts are generally included in gross income. This may come as a surprise to unsuspecting borrowers. Fortunately, Congress has provided some exceptions and special provisions to address taxpayer concerns with COVID-related debt relief. Under the Consolidated Appropriations Act 2021 (CAA 2021), Congress provided both financial assistance and tax relief. The massive year-end package ― including tax provisions which effectively told Treasury Department and IRS to give debtors a break — is welcome relief to many individuals and organizations. Unfortunately for...

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17 Feb
Member News

FTI Consulting | Don’t Get Hung Up on Digital When Transforming Your Company

What if the key for businesses and brands looking to improve performance in an increasingly digital world isn’t digital transformation? At a time when so much of the interaction between businesses and their customers is moving towards digital channels and tools, many organizations are feeling the pressure to engage in “digital first” strategies to drive performance, optimize operations and protect revenues. These efforts — often characterized as a digital transformation or digital journey — are intensely focused on the addition...

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