28 Sep
Chapter News, COVID-19 News

COVID-19: Council approves €87.4 billion in financial support for member states under SURE

The Council on September 25, 2020 approved €87.4 billion of financial support to 16 member states in the form of EU loans under SURE – a temporary EU instrument to mitigate unemployment risks during the COVID-19 crisis. The support will help the member states finance the severe increase in public expenditure incurred as of 1 February 2020 as a result of the use of national short-time work schemes and similar measures, including for self-employed persons, and some health-related measures in...

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28 Sep
Chapter News

Customs Union: New Action Plan to further support EU customs in their vital role of protecting EU revenues, prosperity and security

The European Commission has today launched a new Customs Union Action Plan setting out a series of measures to make EU customs smarter, more innovative and more efficient over the next four years. The announced measures will strengthen the Customs Union as a cornerstone of the Single Market. They also confirm its major role in protecting EU revenues and the security, health and prosperity of EU citizens and businesses. In her political guidelines, President von der Leyen announced that the Customs Union...

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28 Sep
Chapter News

ECB amends monetary policy implementation guidelines

ECB phasing out secured marketable assets other than asset-backed securities, legislative covered bonds and multi-cédulas as collateral Application process and acceptance criteria for external credit assessment institutions clarified Amendments to treatment of breaches with respect to own fund requirements and reporting on capital ratios The European Central Bank (ECB) has today published amendments to its guidelines on the implementation of monetary policy in the Eurosystem, applicable from 1 January 2021. The amended guidelines implement a decision taken by the Governing...

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25 Sep
Chapter News

Banque de France | Role of central banks in the heart of the ecosystem

Keynote address by François Villeroy de Galhau, Gouverneur de la Banque de France, Official Monetary and Financial Institutions Forum webinar, 25 September 2020 | Good morning and welcome to this webinar, jointly organized by the Official Monetary and Financial Institutions Forum and the Banque de France. What better way to demonstrate the digital transformation than holding an event in cyberspace. It has been common in recent years to hear about disruptive technologies but over the past 6 months, information technology...

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25 Sep
Member News

EIB helps car battery technology to charge ahead

Back in 2018, we asked Peter Carlsson, chief executive of Swedish battery innovator Northvolt, what he imagined Europe would look like in a decade or two. He told us he saw roads lined with cars and trucks that would no longer be burning fossil fuels. Northvolt has taken a crucial step into that future by building one of the world’s most advanced battery factories. “Renewable energy storage is the key to a carbon-neutral society, and batteries are the key to getting there,”...

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25 Sep
Member News

Vulcan Insight | European Commission Presents Digital Finance Package

In what may have been his last outing as the Commissioner for Financial Services, Financial Stability and Capital Markets Union, Executive Vice-President Dombrovskis presented the Commission’s long-awaited Digital Finance package on Thursday. In his presentation of the European Commission’s plans for the future of the EU’s payments and FinTech industry, Executive Vice-President Dombrovskis left big shoes to fill for his successor designate Mairead McGuinness, whose job it will be to shepherd the proposals through the legislative machinery. As part of its...

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25 Sep
Chapter News

Statement by Executive Vice-President Margrethe Vestager on the EU Commission’s decision to appeal the General Court’s judgment on the Apple tax State aid case in Ireland

Statement | 25 September 2020 | Brussels “The Commission has decided to appeal before the European Court of Justice the General Court's judgment of July 2020 on the Apple State aid case in Ireland, which annulled the Commission's decision of August 2016 finding that Ireland granted illegal State aid to Apple through selective tax breaks. The General Court judgment raises important legal issues that are of relevance to the Commission in its application of State aid rules to tax planning cases....

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25 Sep
Member News

Loyens & Loeff | Do’s & Don’ts in case of dismissal and downsizing

The coronavirus has a major impact on our economy and possibly also on your company. In the context of this pandemic, several companies are facing particularly difficult circumstances which can result in the difficult decision to dismiss certain employees. Here are some do's and don'ts that might be useful for your company in case of possible future redundancies. Alternatives to avoid (collective) dismissal? It is important not to launch the collective dismissal procedure too hastily. In practice, we often see that...

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25 Sep
COVID-19 News, Member News

MJV Technology & Innovation | New Normal Under Construction (Life after COVID) Research

New Normal Under Construction (Life after COVID) Research is a study that aims to support anyone, especially leaders, to balance reflection and action for decision making in the present, with eyes on the possible futures. For businesses, governments, and society, it has become clear that it is crucial to keep ourselves on our feet to develop anticipatory innovation and antifragility skills. This research dives into the uncertainties of today and the decade to understand how to tackle them best...

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25 Sep
COVID-19 News, Member News

EACCNY “Post-Pandemic Labor Law” Series | The Effect of COVID-19 on Employee Benefits: Considerations in Italy and the United States

With the help of our members, we are creating a Thought-Leadership series on the impact of COVID-19 on Labor & Employment from the perspective of both sides of the Atlantic. Today, we present Jessica X. Rothenberg, Associate at Troutman Pepper LLP in New York, and Tabita Costantino, Associate at Portolano Cavallo in Milan, Italy, who will address “The Effect of COVID-19 on Employee Benefits: Considerations in Italy and the United States.”  | The United States and Italy have both been, and continue to...

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