14 May
Chapter News

ESMA supports ESRB actions to address COVID-related systemic vulnerabilities

May 14, 2020 | The European Securities and Markets Authority (ESMA), the EU securities markets regulator, has published A STATEMENT supporting THE RECOMMENDATIONS issued by the General Board of the European Systemic Risk Board (ESRB).  These recommendations are part of a set of actions to address the Coronavirus emergency from a macroprudential perspective. ESMA expresses its support to the ESRB Recommendation, which suggests that relevant NCAs across the European Union (EU), coordinated by ESMA, undertake focused supervisory engagement with investment funds that have significant...

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14 May
Member News

CLA: HR Considerations for Returning to Work After COVID-19

May 5, 2020 | Key insights • Developing business continuity and preparedness plans can help employees return to work safely and successfully and may help everyone to be better prepared for the future. • Immediate priorities should include revising employee handbooks and policies related to time off and remote work. • Transparency in decision-making may help organizations embrace change successfully. • Communication — what information and how it is delivered — has never been more important. COVID-19 has driven changes into the world of work...

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14 May
Member News

Estonia takes over the UN Security Council presidency

April 30, 2020 | From 1 May, Estonia will hold the presidency of the UN Security Council for a month. Estonia plans to pay particular attention to the connections between the COVID-19 pandemic and the security environment, cybersecurity, the fundamental principles of international law, including the protection of civilians, and increasing the transparency of the Security Council during the crisis. “The Security Council continues to work through the coronavirus crisis. When we became an elected member of the Security Council in...

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13 May
Member News

Houthoff: News Update Financial Regulatory, Highlights of Recent Developments

May 12, 2020 | The Houthoff Financial Regulatory team closely monitors the developments on the financial markets and within financial supervision. In this News Update, we have rounded up a few important recent developments. If you wish to stay informed, you can subscribe to these News Updates here. Recently, the first cautious easing of the coronavirus measures was announced. In the meantime, the steady stream of publications by supervisors and legislatures on measures to give financial enterprises operational and financial flexibility continues. Several...

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13 May
Brexit News, Member News

FaegreDrinker: Brexit Briefing, U.K. and EU Hold Second Round of Negotiations

May 7, 2020 | Between April 20 and 24, the European Union (EU) and the United Kingdom (U.K.) conducted the second round of negotiations on their future trading relationship. Due to the coronavirus pandemic, the EU's chief negotiator, Michel Barnier, described the talks as slightly “surreal”. However, both the EU and U.K. remain keen to continue the talks, since two important deadlines are approaching this year. Transition Period – Extension or Exit? After the U.K. left the EU at the end of...

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13 May
Chapter News

EACCNY #COVID19 Impact Stories from Our Members – European Solar

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 Gerard Scheper, CEO, European Solar a EACCNY member. The questions we asked our members for this series are: 1) What are some challenges you, personally and your organization have faced? 2) What are some...

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13 May
Member News

AlixPartners: COVID-19 Response, Uncovering Fraud

Exposure of fraud can often be an outcome of erratic stock market behavior. Looking at precedent downturns, economic fraud activity was exposed shortly after the stock market's low points. Once you have addressed the critical efforts to safeguard your family and your people, you must turn to the health and safety of your business. Experience tells us that the risk of economic fraud is high. Regardless of the current scenario, our recommendations remain the same: • Move quickly: Take immediate action to understand the...

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12 May
Member News

EIB: The impact of the EU Bank – highlighted in four reports

May 7, 2020 | Looking back at the past year’s activity offers a glimpse of the future thanks to stories of financed projects, statistics, financial and sustainability reporting While the EIB Group is focused on the response to COVID-19, it is important to remember what it did last year. The projects it financed and the pledges it made shine a light on the institution’s capacity to respond to the pandemic and to contribute to a sustainable recovery in Europe and beyond. As...

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12 May
Member News

ThompsonHine: Recent Executive Actions Focus on Bulk-Power System Grid Security and Supply Chain

May 11, 2020 | • By executive order, the secretary of energy is now authorized to review and block any acquisition, importation, transfer or installation of any bulk-power system electric equipment in which a foreign country or foreign person has an interest. • A list of prohibited suppliers of electric equipment may be forthcoming. • In addition, a Section 232 investigation has been initiated into transformers and certain components, which may result in increased tariffs on these items. Two recent federal government actions...

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12 May
Chapter News

Coronavirus: Commission invites Member States to extend restriction on non-essential travel to the EU until 15 June

May 8, 2020 | Today the Commission invited Schengen Member States and Schengen Associated States to extend the temporary restriction on non-essential travel to the EU for another 30 days, until 15 June. While some EU and Schengen Associated States are taking preliminary steps towards easing the measures for fighting the spread of the pandemic, the situation remains fragile both in Europe and worldwide. This calls for continued measures at the external borders to reduce the risk of the disease spreading through...

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