10 Nov
Chapter News

Antitrust: EU Commission sends Statement of Objections to Amazon for the use of non-public independent seller data and opens second investigation into its e-commerce business practices

The European Commission has informed Amazon of its preliminary view that it has breached EU antitrust rules by distorting competition in online retail markets. The Commission takes issue with Amazon systematically relying on non-public business data of independent sellers who sell on its marketplace, to the benefit of Amazon's own retail business, which directly competes with those third party sellers. The Commission also opened a second formal antitrust investigation into the possible preferential treatment of Amazon's own retail offers and...

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10 Nov
Chapter News, COVID-19 News

President von der Leyen on the authorisation of the contract for vaccines with Pfizer and BioNTech

Statement by President von der Leyen on 10 November, 2020 | "A safe and effective vaccine is our best chance to beat coronavirus and return to our normal lives. In the past months, the European Commission has been working tirelessly to secure doses of potential vaccines. And tomorrow we authorise a contract for up to 300 million doses of the vaccine developed by German company BioNTech and Pfizer. This is the most promising vaccine so far. Once this vaccine becomes available, our plan...

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10 Nov
Member News

Thompson Hine | You’re Not on Mute – Protecting Trade Secrets in a Remote World

Let’s set the scene: You are running a few minutes late to an important Zoom meeting with a potential client. You hurriedly search for the dial-in information. Then, you type in the 10-digit meeting ID buried at the bottom of an email. Next, you enter your password. And now, you have been corralled into a virtual waiting room where you must stay in meeting purgatory until the host grants you access to the call. Is all this really necessary? According to the...

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09 Nov
Member News

JRT Realty | Diversity Spending Implications for Corporate Real Estate

Diversity, Equity & Inclusion have become trending topics, especially as of late, but the truth is supplier diversity initiatives have been in effect in some corporations for decades. A few have achieved over $1 billion in annual spending across their diverse supplier base. Yet few  of those dollars are contributed through real estate services. It appears that we are at a juncture where corporate supplier diversity goals are growing and corporate real estate can significantly contribute to achieving those...

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09 Nov
Chapter News

Regulatory and Supervisory Issues Relating to Outsourcing and Third-Party Relationships: Discussion paper

Full discussion available as a PDF | This discussion paper considers regulatory and supervisory issues relating to outsourcing and third-party relationships. It will facilitate a discussion on current regulatory and supervisory approaches to the management of outsourcing and third-party risks. Financial institutions have relied on outsourcing and other third-party relationships for decades. However, in recent years, the extent and nature of interactions with a broad and diverse ecosystem of third parties has evolved, particularly in the area of technology. The financial...

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09 Nov
Chapter News, Trade & TTIP Related

Boeing WTO case: EU puts in place countermeasures against U.S. exports

The European Commission’s regulation increasing tariffs on U.S. exports into the EU worth $4 billion will be published in the Official Journal of the EU. The countermeasures have been agreed by EU Member States since the U.S. has not yet provided the basis for a negotiated settlement, which would include an immediate removal of U.S. tariffs on EU exports in the Airbus WTO case. The World Trade Organization (WTO) formally authorised the EU on 26 October to take such countermeasures...

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09 Nov
Chapter News, Trade & TTIP Related

EU Leaders Congratulate President-Elect Biden and Vice President-Elect Harris

Leaders from across the world offered their congratulations on Saturday, November 7 to U.S. President-elect Joseph R. Biden, Jr. and Vice President-elect Kamala Harris, following their projected win in the 2020 presidential election. As partners with shared history and values, EU leaders were among the first to send well wishes to Biden and Harris. European Commission President Ursula von der Leyen said she looked forward to working with President-elect Biden, adding, “The European Union and the United States are friends...

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09 Nov
Member News

European bilateral development finance institutions and EIB launch EUR 280 million financing initiative to support Covid-19 impacted business

EIB and EDFI members expand existing - European Financing Partners (EFP) - financing scheme to reduce the economic impact of Covid-19 on companies in developing countries. As part of Team Europe’s response to the Covid-19 pandemic, eleven members of EDFI, the Association of European Development Finance Institutions, are strengthening cooperation with the European Investment Bank (EIB) to create a new dedicated Covid-19 financing initiative through the existing European Financing Partners (EFP) scheme. The EUR 280 million initiative will support financial...

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06 Nov
Chapter News, COVID-19 News

OECD | COVID-19 and the climate crisis: Combining green budgeting and tax policy tools for a better recovery

It has been said that the best preparation for tomorrow is doing your best for today. When the President of the French Republic confirmed France’s participation in the Paris Collaborative on Green Budgeting in December 2017, he could hardly have known that, less than three years later, green budgeting would become a central tool for developing France’s “green recovery” from a global pandemic. At the meeting of the Paris Collaborative on Green Budgeting earlier this month, French Treasury officials showcased to...

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06 Nov
Member News

ING to appoint Ljiljana Čortan as chief risk officer

ING announced today that Ljiljana Čortan will be appointed chief risk officer of ING. Ljiljana Čortan until recently served as chief risk officer of HypoVereinsbank – UniCredit Bank (HVB) in Germany. She will succeed Steven van Rijswijk, who was appointed CEO of ING effective 1 July 2020. Ljiljana Čortan will be appointed as chief risk officer and member of the Management Board Banking effective 1 January 2021. The Supervisory Board will propose to shareholders to appoint her as member of...

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