17 Jun
Chapter News

Combating COVID-19: How Should Banking Supervisors Respond?

June 15, 2020 | The massive macro-financial shock caused by the pandemic continues to ravage the global economy and has put both banks and borrowers under severe strain. Supervisors find themselves confronted with unprecedented challenges which call for decisive action to ensure that banking systems support the real economy while preserving financial stability. This blog introduces nine joint IMF-World Bank recommendations to help supervisors navigate these uncharted waters and calls for vigilance regarding policy measures taken that are not consistent...

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17 Jun
Brexit News, Chapter News

Speech by President von der Leyen about negotiations for a new partnership with the United Kingdom

June 17, 2020 | Speech by President von der Leyen at the European Parliament Plenary on the preparations for the European Council of 19 June 2020, and the negotiations for a new partnership with the United Kingdom "Check against delivery" Mr President, Honourable Members, The negotiations with the United Kingdom always promised to be difficult. And they have not disappointed. Two days ago, President Sassoli, President Michel and I discussed the way forward with Prime Minister Johnson. The Prime Minister confirmed that...

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17 Jun
Chapter News, COVID-19 News

Coronavirus: Commission unveils EU vaccines strategy

June 17, 2020 | Today, to help protect people everywhere, the European Commission is presenting a European strategy to accelerate the development, manufacturing and deployment of vaccines against COVID-19. An effective and safe vaccine against the virus is our best bet to achieve a permanent solution to the pandemic. Time is of the essence. Every month gained in finding such a vaccine saves lives, livelihoods and billions of euros. Today's strategy proposes a joint EU approach and builds on the mandate received...

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17 Jun
Member News

HKlaw: IRS Provides Pandemic-Related Relief for Certain Opportunity Zone Deadlines

June 12, 2020 | IRS Notice 2020-39 provides relief from certain deadlines under Section 1400Z-2 of the Internal Revenue Code of 1986 and the U.S. Department of the Treasury regulations thereunder (the Opportunity Zone Rules). Delay caused by the impact of the COVID-19 pandemic have made achieving these deadlines within the time expected difficult or impossible. Accordingly, the IRS has acted to assist taxpayers adversely impacted by the COVID-19 crisis by tolling or extending certain important Opportunity Zone deadlines. ...

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17 Jun
Member News

JRTRealty: What to expect when returning to the office in Manhattan

June 16, 2020 | The new “abnormal;” that’s what we can expect. Something distinctly different in our office experience. So, if you’re wondering how this will all play out when you return to the office, here’s what you may find: First, you’ll need to find a comfortable pathway to the office, which means you’ll need to grapple with the subway/bus/train/bike commute to work. When you arrive at your building, you’ll likely find your office lobby converted to what looks like a...

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16 Jun
Member News

CitizenM introduces smart luxury for the people

New safety standards and contactless stays across all our hotels. As the world opens up again, you’ll be looking for business travel. Luckily for you, mobile citizen – we built a pandemic-proof hotel. We could be smug, say we planned it. But the truth is, we accidentally got it just right. Our cleaning routine was already world-class – now, it’s beyond amazing. And while the world stopped, we upgraded – introducing a new contactless experience powered by our new app....

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16 Jun
COVID-19 News, Member News

AEMCarnelutti: Italian Government boosting distressed assets market amid COVID-19 Emergency

On March 17, 2020, the Italian Government enacted Law Decree No. 18 (“Decreto Cura Italia” or “Decree”) issuing measures aimed at strengthening the national health service and economic support for families, workers and enterprises in connection with the COVID-19 epidemiological emergency. Among all implemented measures, Article 55 of the Decree will probably have a significant impact on the distressed assets sale market in Italy. The Decree aims at boosting the assignment of non-performing loans and receivables (“crediti deteriorate”) by allowing...

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16 Jun
Member News

CILcare extends its expertise to develop solutions for people with vestibular disorders with its partner Vertidiag

June 15, 2020 | CILcare, world leading CRO entirely specialized in the field of hearing disorders, announces a strategic partnership with the start-up Vertidiag, a company specialized in balance disorders. By combining their unique know-how, CILcare and Vertidiag can propose a complete service offering to identify and develop therapeutic solutions for people suffering from ear diseases including Hearing Loss, Tinnitus, Otitis and Vertigo. CILcare has developed its foundations on unique expertise in testing the efficacy and safety of drugs, gene &...

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16 Jun
Chapter News, COVID-19 News

EACCNY #COVID19 Impact Stories from Our Members – European Space Agency

Together with our members we are creating a Video series of first-hand accounts of the Pandemic’s impact, both personally & professionally. We invite you to join us today for a first-hand look at the impact of the global shutdown following the Coronavirus (COVID-19) outbreak – Today we are featuring Frank de Winne, Head of the Astronaut Center at the European Space Agency a Friend of the EACCNY. The questions we asked our members for this series are: 1) What are some challenges...

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12 Jun
Chapter News

The Global Economic Reset—Promoting a More Inclusive Recovery

June 11, 2020 | Blog Post By Kristalina Georgieva, Managing Director of the IMF The COVID-19 crisis is inflicting the most pain on those who are already most vulnerable. This calamity could lead to a significant rise in income inequality. And it could jeopardize development gains, from educational attainment to poverty reduction. New estimates suggest that up to 100 million people worldwide could be pushed into extreme poverty, erasing all gains made in poverty reduction in the past three years. "Policymakers must do everything...

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