Chapter News

ECB | Speech by Chrstine Lagarde: Monetary policy in a pandemic emergency

Keynote speech by Christine Lagarde, President of the ECB, at the ECB Forum on Central Banking | Frankfurt am Main, 11 November 2020 | Let me begin by welcoming all of you to this year’s ECB Forum on Central Banking. Regrettably, we cannot be together in Sintra this time, but I trust that this virtual environment will be no less conducive to challenging ideas and productive debate. The purpose of this year’s conference is to examine the challenges facing central banking...

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Member News

Vulcan Insight | EU reaches deal on long-term budget

For the past ten weeks, negotiators from the European Parliament and Council have been embattled over finding a compromise on the EU’s next seven-year budget. On Tuesday, the two institutions’ delegations reached a political agreement, almost sealing the deal on the roll-out of the €1.8 trillion package aimed at financing the COVID-19 economic recovery through additional funding for future jobs and competitiveness, as well as leading the EU’s green and digital transformation. Compared to the momentous agreement reached by the...

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Chapter News

“Central Banks in a Shifting World” – Discussion of Evi Papa’s Fiscal Rules, Policy and Macroeconomic Stabilization in the Euro Area

Remarks by Vitor Gaspar at ECB Forum on Central Banking 2020 | November 12 | 1.  Introduction It is such a pleasure to participate in the ECB Forum on Central Banking and discuss the paper by Evi Papa on Fiscal Rules and Macroeconomic Stabilization in the Euro Area. The paper reviews relevant theoretical and empirical literature and, at the end, examines the Next Generation EU program. The paper is well-written, and it covers a vast landscape. If offers much to learn and...

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Member News

NautaDutilh | Finally some practical EDPB guidance on how to make international data transfers lawful

After a long, four-month wait, we finally have recommendations from the European Data Protection Board (EDPB) on “supplementary measures” in the context of international transfers of personal data – i.e. measures required to ensure that transfers to countries outside of the European Economic Area (EEA) are permitted under the GDPR. Follow-up on Schrems II Under the GDPR, transfers of personal data from the EEA to a non-EEA recipient are prohibited unless the sender has a certain degree of confidence – thanks to...

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Member News

CILcare Opens a New Subsidiary in Denmark

Montpellier, November 09th 2020 | CILcare, a world leading CRO entirely dedicated to ear disorders, announces today the opening of a new subsidiary in Copenhagen, Denmark. Already established in the US, the French company is joining the Medicon Valley Alliance, a leading international life-sciences cluster in Northern Europe. This second subsidiary is another key step in CILcare’s continuing global expansion and will reinforce its presence in the Nordic and Northern European markets. Since its inception in 2014, CILcare has become the...

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Chapter News

ESMA publishes first report on use of sanctions under the AIFMD

The European Securities and Markets Authority (ESMA), the EU securities markets regulator, today publishes its first annual report on the use by National Competent Authorities (NCAs) of sanctions under the Alternative Investment Fund Managers Directive (AIFMD). The report published today contains an overview of the applicable legal framework and information on the penalties and measures imposed by NCAs from 1 January 2018 to 31 December 2018 and from 1 January 2019 to 31 December 2019. The number of NCAs issuing sanctions increased...

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Member News

ACG Resources | The Debate on Posting Salaries

Every time you post a job, there is that dreaded field a job board asks you to complete called “salary.” Instinct is to put in the budgeted range and hit submit, but is it that simple? Many employers do not realize the adverse effect that including salary in postings can do. You may be limiting the candidate pool. Many job boards and postings will push the job out to numerous job seekers that request to be notified about positions based...

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Member News

CLA | After the Elections, Consider Your Investment and Tax Playbook

Key insights As political uncertainty begins to recede after the U.S. elections, let’s address key investment and tax considerations heading into both year-end and 2021. On the investments front, markets at their highs combined with expensive valuations drive the importance of realizing capital gains or harvesting tax losses. On the tax front, consider whether to harvest income and capital gains before year-end, ahead of any potential tax increases in 2021. Amid potential uncertainty about what may lie ahead, it...

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Member News

Via | Microtransit myth: On-demand public transit is too expensive

Welcome to our Microtransit Misconceptions series, where we use detailed data and real examples to debunk common myths about on-demand public transit | Think going on-demand will drain your budgets? Think again. See the proof that shows communities can actually save money when switching to microtransit. MYTH: On-demand transit is expensive. We can’t invest in something that isn’t financially viable. REALITY: When on-demand networks are implemented in a smart way, communities can actually save money compared to their previous fixed route services, unlocking broader...

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Chapter News

The Capital Markets Union: slow progress

The free movement of capital is a key long-standing objective of the European Union. It is one of the pillars of the Single Market, along with the free movement of people, goods and services. Despite the Commission’s efforts to achieve the ambitious goal of building a capital markets union (CMU), results are still to come, according to a report presented by the European Court of Auditors (ECA) today. In the EU, businesses traditionally largely rely on banks for financing their...

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