Member News

BNY Mellon | There’s No Substitute for Certainty

“While enduring significant pressure during the worst of Covid 19 market volatility, U.S. triparty repo and U.S. government securities clearance settlement operated without major disruption," said Brian Ruane, CEO Government Securities, Clearance & Collateral at BNY Mellon. For 230 years, we’ve been by your side through revolution and war, recession and depression. Together, we’ve surmounted every challenge. 2020 will be no different. Here’s how we can help you today. For full access to BNY Mellon's solutions: There’s No Substitute for Certainty The...

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COVID-19 News, Member News

EACCNY “Post-Pandemic Labor Law” Series | Returning to Work During Covid-19: Managing Vulnerable Workers from a US and UK Perspective

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 Jill Kahn Marshall, Partner at Reavis Page Jump LLP in New York, and Matthew Kyle, Associate Director at Osborne Clarke in the UK, who will address “Returning to Work During Covid-19: Managing Vulnerable Workers from a US and UK Perspective.”  | As offices reopen throughout the United States...

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Member News

AccentC3 | Pitching in the time of corona: How to succeed on Zoom

The COVID-19 pandemic has influenced the traditional ways in which businesses raise investment and acquire new clients. Although tech savvy founders are likely to have  adjusted quickly, online communication isn’t always easy. How can you make the most of this time? Zoom fatigue and screen burnout are becoming frequent side effects of doing business in the pandemic. The challenges of online communication can be further emphasized when you take culture, personality, and age into account. In some cultures, for example, it...

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COVID-19 News, Member News

Hogan Lovells | COVID-19 Report for Life Sciences and Health Care Companies

The COVID-19 Report is a compilation of coronavirus news, analysis, and insights from around the world to help life sciences and health care companies stay current in this challenging time. In Tuesday's Report: changes in Italian trademark law; new insolvency trends in China; tips for corporate boards to prepare for crisis; potential conflicts of interest in U.S. COVID-19 contracts, and other Congressional moves. The Hogan Lovells Government Relations and Public Affairs group is tracking all of the latest developments in the U.S. Congress and relevant news stories....

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Member News

Marks Paneth | Main Street Lending – Now Available for Nonprofit Organizations

As a part of the Coronavirus Aid, Relief and Economic Security (CARES) Act, the Federal Reserve created the Main Street Lending Program to provide a total of $600 billion in financing for small and medium-sized businesses including not-for-profit organizations. The program provides loans to eligible organizations — those that were financially sound before the COVID-19 crisis but now need financial help to run their operations smoothly. Nonprofit organizations were not included in this program in the original CARES Act....

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Chapter News

IMF | Aging Economies May Benefit Less from Fiscal Stimulus

In the midst of the current COVID-19 pandemic, policymakers around the world are undertaking fiscal stimulus—a combination of spending increases and tax reductions—to support their economies. Even before the present crisis, the importance of fiscal policy has been increasing, with monetary policy constrained by near-zero interest rates. Our new staff research finds that age also matters when considering fiscal stimulus. Specifically, we find that fiscal policy isn’t as effective in boosting growth in economies with older populations, compared to economies with younger...

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Member News

Troutman Pepper | Federal Unemployment Insurance Assistance is Back (For Now) – What Employers Need to Know

The CARES Act’s federal unemployment insurance supplement has expired, and a new executive order from the President has taken its place – for now. Amid the uncertainty, employers should be aware of the impact on benefits eligibility for employees who refuse or are unwilling to return to work. Who Needs to Know Employers attempting to recall or hire employees currently receiving unemployment insurance benefits, and employers who may conduct future furloughs, layoffs, or job eliminations. Why It Matters The CARES Act’s additional...

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Member News

FTI Consulting | Your Network Goes Dark. What Should You Do?

Kyung Kim, Head of Cybersecurity for FTI Consulting’s APAC region, looks at the three steps you can take today to reduce the chances of the unthinkable: a paralyzed network and an IT team that can’t be reached. Companies around the world have seen their workforces relocate en masse from office spaces to home. With this decentralized workforce comes a vast set of new concerns for IT departments. They’re tasked with maintaining the integrity of internal networks and firewalls while a...

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Chapter News

FSB Continuity of Access to FMIs for firms in resolution: streamlined information collection to support resolution planning

This questionnaire provides common template for gathering information about continuity of access to financial market infrastructures (FMIs) for firms in resolution. The template takes the form of a questionnaire that all FMIs are encouraged to complete. The responses to the questionnaire should be published or made available in other ways to firms that use the FMI services and their resolution authorities to inform their resolution planning. The use of a common questionnaire should reduce the “many to one” nature...

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Member News, Trade & TTIP Related

GDLSK | USTR Revises List of EU Goods Subject to Large Aircraft SEC. 301 Retaliatory Tariffs

On August 12, 2020, the United States Trade Representative (“USTR”) issued the modified list (Annex 2, section 2) of European Union (“E.U.”) goods subject to Sec. 301 retaliatory tariffs in connection with the World Trade Organization (“WTO”) case against E.U. large aircraft subsidies. While approximately 24,000 comments were filed in response to the USTR’s request for comment regarding changes to the list, only minor changes were implemented. The USTR removed certain products from Greece and the United Kingdom and added an...

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