28 Jul
Chapter News

IMF | Corruption and COVID-19

Corruption, the abuse of public office for private gain, is about more than wasted money: it erodes the social contract and corrodes the government’s ability to help grow the economy in a way that benefits all citizens. Corruption was a problem before the crisis, but the COVID-19 pandemic has heightened the importance of stronger governance for three reasons. First, governments around the world are playing a bigger role in the economy to combat the pandemic and provide economic lifelines to people and firms....

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28 Jul
Chapter News, COVID-19 News

U.S. Federal Reserve Board announces an extension through December 31 of its lending facilities that were scheduled to expire on or around September 30

The Federal Reserve Board on Tuesday announced an extension through December 31 of its lending facilities that were scheduled to expire on or around September 30. The three-month extension will facilitate planning by potential facility participants and provide certainty that the facilities will continue to be available to help the economy recover from the COVID-19 pandemic. The Board's lending facilities have provided a critical backstop, stabilizing and substantially improving market functioning and enhancing the flow of credit to households, businesses,...

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27 Jul
COVID-19 News, Member News

U.S. Immigration During & Post COVID-19

This article was written by Shlomi Atash, Esq. | The COVID-19 pandemic has dramatically impacted immigration policies and procedures globally.  In order to stop the spread of the virus, countries around the world implemented new measures limiting migration.  Many countries have restricted travel, preventing the entry of aliens who have recently traveled to nations with widespread COVID-19 outbreaks.  Some countries have temporarily prohibited the entry of all aliens.  Other countries are conducting mandatory quarantines of non-permanent residents arriving on international...

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27 Jul
Chapter News, COVID-19 News

Special European Council, 17-21 July 2020

Main results EU leaders agreed a recovery package and the 2021-2027 budget that will help the EU to rebuild after the pandemic and will support investment in the green and digital transitions. We have reached a deal on the recovery package and the European budget. These were, of course, difficult negotiations in very difficult times for all Europeans. A marathon which ended in success for all 27 member states, but especially for the people. This is a good deal. This is...

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27 Jul
COVID-19 News, Member News

Littler | “Who Was that (Un)masked Man?” Does the Law Protect Employees and Guests Against Wearing Face Coverings?

“Behind the Mask” is more than just a Fleetwood Mac album. It’s a science-based recommendation by the U.S. Centers for Disease Control and Prevention (CDC), and even a requirement under a patchwork of state and local laws designed to stem the spread of the coronavirus. But what is an employer to do when an employee refuses to wear a face covering? What can an operator of a place of public accommodation do when a guest ignores the sign mandating face coverings?...

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27 Jul
Member News

AlixPartners | How can the aerospace industry prepare for a production ramp down?

With air travel down to a minimum, and predictions on when it may go back to precrisis levels in uncertain territory, the aerospace industry will need to ramp down production for the foreseeable future. This is a startling scenario for a supply chain that has only seen business boom over the last couple of decades. Aided by flourishing demand from new markets such as China and a bounty of low-cost airlines launching in the US and Europe, the commercial...

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27 Jul
Member News

Troutman Pepper | SEC Adopts Amendments to Provide Investors More Information on Proxy Voting Advice

On July 22, the U.S. Securities and Exchange Commission (SEC) voted to adopt amendments (Amendments) to certain of its rules governing proxy solicitations under the Securities Exchange Act of 1934 (Exchange Act). The Amendments are designed to ensure that clients of proxy voting advice businesses have reasonable and timely access to more transparent, accurate and complete information on which to make voting decisions, without imposing undue costs or delays that could negatively impact the timely provision of proxy voting...

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27 Jul
Chapter News

5G security: Member States report on progress on implementing the EU toolbox and strengthening safety measures

Press release by the European Commission and the German Presidency of the Council of the EU | Today, EU Member States, with the support of the European Commission and ENISA, the EU Agency for Cybersecurity, published a report on the progress made in implementing the joint EU toolbox of mitigating measures, which was agreed by the Member States and endorsed by a Commission Communication in January 2020. The toolbox sets out a joint approach based on an objective assessment of identified risks and proportionate...

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27 Jul
Chapter News

U.S. Federal Reserve Board finalizes rule that implements technical, clarifying updates to Freedom of Information Act (FOIA) procedures and changes to rules for the disclosure of confidential supervisory information (CSI)

The Federal Reserve Board on Friday finalized a rule that implements technical, clarifying updates to its Freedom of Information Act (FOIA) procedures and changes to its rules for the disclosure of confidential supervisory information (CSI), which is supervisory information belonging to the Board that may include proprietary financial institution-specific information. The final rule is generally similar to the proposal from June 2019, with a few changes in response to public comments. The final rule updates the Board's FOIA regulation to...

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27 Jul
Chapter News

ECB announces public consultation on the publication of compounded €STR rates

Consultation launched to seek feedback on the publication of compounded €STR rates by the ECB Comments by interested stakeholders to be received by 11 September 2020 The European Central Bank (ECB) is considering the publication of compounded term rates based on the euro short-term rate (€STR) and solicits views of the public on this matter by launching a public consultation. The publication would take place on a daily basis shortly after the €STR publication. Published maturities could range from one...

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