09 Jun
Chapter News

IMF | Is Public Money Safe without the Rule of Law?

By Joseph Dalibon, Jean-Philippe Vion Imagine a country where public funds are allocated arbitrarily rather than because of an analytical process or the government’s policy priorities. In such a country, contracts would be awarded on the basis of personal connections rather than through an open competitive tendering process. Accountability would be nonexistent. It sounds like a dystopian scenario, but it's a reality in places where the rule of law is weak. Good public financial management (PFM) hinges on a robust...

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09 Jun
Chapter News

ECB | The rule of law as a constitutional pillar of European central banking

Keynote speech by Frank Elderson, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, at the Italian constitutional court Introduction Thank you very much for inviting me. The writings, judgments and speeches of many among this distinguished audience have shaped our understanding of the rule of law. I find it a privilege – and slightly daunting – to address you today on such a fundamental issue. Today I am speaking to you as a central...

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09 Jun
Chapter News, New York Related News

NY Fed | Inflation Expectations Decline; Labor Market Expectations Improve

NEW YORK—The Federal Reserve Bank of New York’s Center for Microeconomic Data today released the May 2025 Survey of Consumer Expectations, which shows that households’ inflation expectations declined at the short-, medium-, and longer-term horizons. Consumers’ recent pessimism about the labor market eased somewhat, while consumer debt delinquency expectations and expectations about one’s household financial situation improved slightly. The main findings from the May 2025 Survey are: Inflation Median inflation expectations decreased at all three horizons in May. One-year-ahead inflation expectations declined by...

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09 Jun
Member News

Eversheds Sutherland | Global: One Big Beautiful Bill impact on non-US persons with US investments or activities

The US One Big Beautiful Bill could have a material impact on many non-US persons with investments or activities in the US, including withholding taxes on dividends, interest payments and royalties from US to non-US persons as well as transfers of US branch profits to non-US firms. These withholding taxes may not fall within exemptions in tax treaties. Key takeaways Non-US persons with investments or activities in the US could be subject to a US tax increase of 5% on...

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09 Jun
Member News, Trade & TTIP Related

Jaguar Freight | The Weekly Roar – Global container capacity and the Red Sea, insights from the May Logistics Manager’s Index, diesel prices continue to fall, two important anti-pollution programs, and 3D technology in the supply chain.

The Red Sea crisis has forced most new container capacity to be deployed on extended Asia-Europe routes via the Cape of Good Hope. Since May 2024, 2.62 million TEU have been added globally, with 31% of that allocated to Asia-Europe, boosting capacity there by over 40% between 2023 and 2025. This is equivalent to almost 25% of the global fleet trading there, making it the largest shipping lane for the liner fleet. In comparison, The Asia-North America fleet had an annual...

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06 Jun
Member News

EIB | European promotional institutions and EIB join forces to support EU security and defence

National promotional institutions of France, Germany, Italy, Poland and Spain as well as EIB explore ways of stepping up cooperation and coordination in support of Europe’s security and defence industry. Cooperation to foster pan-European approach in areas such as research, industrial capacity, and infrastructure. The national promotional institutions of France, Germany, Italy, Poland and Spain as well as the European Investment Bank (EIB) will cooperate to bolster Europe’s security and defence industry. The six long term investors – Caisse...

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06 Jun
Member News

Vulcan View: The latest EU developments 2 June – 6 June

EU presents its 2026 draft budget On Wednesday, 4 June, the European Commission presented its draft budget for 2026, outlining the EU’s planned expenditure in alignment with its strategic priorities. The budget builds on the mid-term revision of the EU’s long-term budget (2021-2027), ensuring continuity and adaptability in the face of evolving challenges and opportunities. The 2026 draft budget aims to reinforce ongoing initiatives, including support for Ukraine, competitiveness, migration management, security and defence, strategic investments, and continued support for green and...

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05 Jun
Member News

ACG Resources | Tips For Finding Top Talent

Owners or executives at some companies know that their company is a great place to work but still have problems finding top talent to fill their positions. Why? The simple answer is that finding top talent is a fierce and competitive process. Similar to how job hunting is fierce and competitive from a job-seeker’s perspective, companies that want to find the best people have found it’s easier said than done; partly because all companies are doing it. Think about...

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05 Jun
Chapter News

ECB | Monetary Policy Statement by President Christine Lagarde

Good afternoon, the Vice-President and I welcome you to our press conference. The Governing Council today decided to lower the three key ECB interest rates by 25 basis points. In particular, the decision to lower the deposit facility rate – the rate through which we steer the monetary policy stance – is based on our updated assessment of the inflation outlook, the dynamics of underlying inflation and the strength of monetary policy transmission. Inflation is currently at around our two per...

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05 Jun
Chapter News

European Commission | New import surveillance tool to help EU prevent harmful trade diversion

The European Commission has set up a new surveillance tool to help protect the EU against sudden and potentially disruptive surges in imports. This system aims to prevent harmful trade diversion, which occurs when a significant amount of goods that cannot enter other markets due to high tariffs and other restrictions are redirected into the EU. By providing fact-based information building on customs data, the surveillance tool will enable the Commission to swifty identify any such import surges and...

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