May 3, 2020 | Op-ed co-authored by Giuseppe Conte, President of the Government of the Italian Republic, Emmanuel Macron, President of the French Republic, Angela Merkel, Federal Chancellor of the Federal Republic of Germany, Charles Michel, President of the European Council, Erna Solberg, Prime Minister of the Kingdom of Norway, Justin Trudeau, Prime Minister of Canada* and Ursula von der Leyen, President of the European Commission. “Chance favours the prepared mind”. This was the mantra of Louis Pasteur, one of the world's greatest scientists and a mastermind behind...

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May 4, 2020 | As the EU looks at how best to recover from the impact of the Covid-19 pandemic, MEPs say the Green Deal must be at the centre of any reconstruction package. The current health crisis and its consequences remain the immediate priority, but the European Parliament is also focusing on a strategy for the post-crisis period. In a resolution adopted on 17 April, MEPs said the EU needs a massive recovery and reconstruction package with the Green Deal, a series of initiatives...

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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 Philippe Sollie, CEO, @FlenHealth 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...

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April 30, 2020 | The Federal Reserve on Thursday expanded access to its Paycheck Protection Program Liquidity Facility (PPPLF) to additional lenders, and expanded the collateral that can be pledged. The changes will facilitate lending to small businesses via the Small Business Administration's (SBA) Paycheck Protection Program (PPP). As a result of the changes, all PPP lenders approved by the SBA, including non-depository institution lenders, are now eligible to participate in the PPPLF. SBA-qualified PPP lenders include banks, credit unions, Community...

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April 30, 2020 | The European Securities and Markets Authority, the EU’s securities markets regulator, has today made available, under the Markets in Financial Instruments Directive (MiFID II) and Regulation (MiFIR): • The annual transparency calculations of the large in scale (LIS) and size specific to the instruments (SSTI) thresholds for bonds; • systematic internaliser calculations for equity, equity-like instruments and bonds; and • new data for bonds subject to the pre- and post-trade requirements of MiFID II and MiFIR. Annual transparency calculations of...

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A health crisis at the outset, the coronavirus pandemic soon turned into an unprecedented economic and social crisis. In an article published with several European think tanks, I sketch how COVID-19 could magnify three global developments. "The COVID-19 Crises challenges the current form of globalisation and is a political test for the EU and Europe's democratic systems," - Josep Borrell The main takeaways of the article are: • The pandemic will likely magnify existing geopolitical dynamics and test the strength of Europe’s...

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