08 Mar
Brexit News, Member News

Three ways to map out your supply chain in preparation for Brexit

By Gregor Schmidt, Regional Leader - Europe | RSM Paralysed by uncertainty, many businesses around the world are struggling with the lack of clarity over the future relationship between the UK and EU. While the UK prime minister, Theresa May, has just returned from Brussels with a withdrawal agreement, its unpopularity with the UK parliament means there is still the prospect of a ‘no-deal’ or even another referendum. Whatever the fate...

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07 Mar
Member News

Will 2019 Rebound From A Slow Q4 2018?

By James D. Rosener & M. Corey Connelly | Pepper Hamilton Deal activity in the domestic M&A market was extremely robust, with initial reports of the total value of deals consummated in the United States exceeding all recent years other than 2015. Despite the boon of dealmaking last year, market volatility in December 2018 caused concern among deal professionals that activity would slow. A closer look at deal activity in...

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07 Mar
Chapter News, News, Uncategorized

Judy Asks: Europe—Is the System Broken?

The latest edition of Carnegie Strategic Europe’s Judy Asks column was inspired by the 6th Mercator European Dialogue on the theme “Europe: Is the System Broken?”, which was hosted by the German Marshall Fund and its project partners in Rome on February 1–3, 2019. The column features five members of parliament from the Mercator European Dialogue parliamentary network and three Mercator European Dialogue experts. The Mercator European Dialogue is a network of members of parliaments from across the...

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07 Mar
Member News

ING publishes its 2018 Integrated Annual Report

ING today published the 2018 ING Group Annual Report, an integrated report designed to provide a broad range of stakeholders with an overview of our financial and non-financial performance in 2018. The report includes a detailed explanation of our strategic direction in the 'Strategy and how we create value' chapter, including a value creation model. Chapters including the 'World around us', 'Our business', 'Innovation and transformation', 'People', and 'Risk and capital management' give in-depth...

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06 Mar
Brexit News, Chapter News, News

Railway safety and connectivity with the UK in the event of a no-deal Brexit – Council agrees its position

The Council's Permanent Representatives Committee today granted the Romanian presidency a mandate to negotiate with the European Parliament on a temporary extension of the validity of certain authorisations, certificates and licences to ensure continuity of train services between the EU (France and Ireland) and the United Kingdom without disruption in the event that the UK leaves the EU without a negotiated agreement. The aim of this extension is to allow bilateral agreements between an EU member state and the...

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06 Mar
Chapter News, News, Uncategorized

Improving EU-U.S. Cooperation in Civil Society Support in Eastern Europe and the Western Balkans

By Rosa Balfour, Nicolas Bouchet, and Joerg Forbrig The European Union and the United States devote considerable funds and programs to supporting civil society in Eastern Europe and the Western Balkans – support that is being confronted with old and new challenges. Closing civic space is now entrenched in many countries and the means to undermine civic actors has become more sophisticated. The sustainability of civil society organizations (CSOs) remains a challenge. This requires the EU and the United States to work with...

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06 Mar
Chapter News, News

ECB and Bank of England activate currency swap arrangement for possible provision of euro to UK banks

● Bank of England will offer to lend euro to UK banks on a weekly basis ● Bank of England to obtain euro from the ECB in exchange for pound sterling ● Eurosystem would stand ready to lend pound sterling to euro area banks, if a need arises The European Central Bank (ECB) and the Bank of England have decided to activate a standing swap line through which the Bank of England will offer to lend euro to UK banks on a weekly...

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06 Mar
Brexit News, Member News

Hard Brexit – outsourcing as a way out?

By Kai-Michael Hingst & Karl-Alexander Neumann | Noerr The latest political developments have not reduced the likelihood of a “hard Brexit” on 29 March 2019. In this article, we sum up the regulatory consequences of a hard Brexit for cross-border banking and financial services and look at the possibility of outsourcing as an option. No more passporting after a hard Brexit A hard Brexit would clearly mean that regulated banking and financial services institutions no longer profit from the “European passport” in cross-border legal...

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06 Mar
Member News

India and Turkey to Lose GSP Eligibility

The Office of the United States Trade Representative (USTR) has announced that India and Turkey will be removed from the list of beneficiary developing countries eligible for duty-free entry under the Generalized System of Preferences (GSP). By law, the President must notify Congress at least 60 days prior to the termination of GSP eligibility and must also notify the involved countries. After the 60 day notification period, the termination of GSP eligibility is enacted by a Presidential Proclamation that...

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06 Mar
Member News

New EU Rules on Foreign Investments: All You Need to Know About the New Screening Mechanism

By Till Steinvorth | Orrick The Council of the European Union (EU) has adopted a new regulation “establishing a framework for the screening of foreign direct investments into the Union” (the Regulation). This is the first time the EU is equipping itself with a comprehensive framework to monitor investments into EU businesses by investors from outside the EU. The new rules create a cooperation mechanism where EU member states and the European Commission are able to exchange information and raise concerns. The...

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