10 Sep
Chapter News, Financing for Development/UN SDG's

Bill Rhodes: Beware of Emerging Markets

by Bill Rhodes, President and CEO of William R. Rhodes Global Advisors, LLC and author of Banker to the World: Lessons from the Front Lines of Global Finance Don’t be fooled. The high levels of volatility in emerging markets and sharp, sporadic pressures on a range of currencies, including those of Argentina, Mexico and Turkey, which holds elections on Sunday, are the opening salvos in a new period of mounting risks and uncertainties. The tensions and challenges in developing economies that will...

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07 Sep
Member News

Petitions for the Imposition of Antidumping Duties on Strontium Chromate from France and Austria

I. Type of Action: Antidumping Duty (“AD”) II. Product: The merchandise covered by this investigation is strontium chromate, regardless of form (including but not limited to, powder (sometimes known as granular), dispersions (sometimes known as paste), or in any solution). The chemical formula for strontium chromate is SrCr04 and the Chemical Abstracts Service (CAS) registry number is 7789-06-2. Strontium chromate that has been blended with another product or products is included in the scope if the resulting mix contains 15 percent or more...

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07 Sep
Chapter News, New York Related News, News

Global Business, Local Benefit Foreign Contributions to the New York Economy

New York City has reached historic levels of jobs and economic activity, thanks to its status as a global center of finance, commerce and innovation. In an era of rapid globalization, New York’s success would not be possible without the contributions of more than 5,000 foreign companies that have their U.S. headquarters and significant business operations in the city. Foreign companies currently employ 298,000 New Yorkers and contribute 11 percent of the city’s total $761 billion annual economic output. Foreign...

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07 Sep
Member News

The weekly Vulcan View for the 3rd to the 7th of September featuring analysis of the latest EU developments

VULCAN VIEW - KEY EVENTS THIS WEEK: EU COMMISSION Race for top job kicks off as frontrunners announce their candidacy The end of summer and arrival of September has marked the unofficial start of the race to take over from Jean-Claude Juncker and become the next President of the European Commission. The beginning of the holiday period that has just passed saw the EU’s Brexit negotiator Michel Barnier and the former Finnish Prime Minister Alexander Stubb – who are both senior members of the...

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05 Sep
Member News

Spotlight on NAFTA: Deal or no Deal? (September 2018)

By Daniel P. Erikson and Gabriella Ippolito When the North American Free Trade Agreement (NAFTA) came into force between the United States, Canada, and Mexico on January 1, 1994, it created the world’s largest free trade area of 444 million people that now produces $17 trillion worth of goods and services. Canada is presently the United States’ second largest trading partner and Mexico is the third largest. U.S. trade with its NAFTA partners stands at $1.2 trillion and the two countries buy one-third...

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05 Sep
Chapter News

ECB: The euro area: current status and challenges ahead

Speech by Luis de Guindos, Vice-President of the ECB, at La Granda courses, Asturias, 31 August 2018 It is a pleasure to be here at La Granda courses in Asturias. In my remarks today, I would like to review the economic developments in the euro area, explain our recent monetary policy decisions and reflect on the necessary reforms of Economic and Monetary Union, or EMU. Recent economic developments Economic growth in the euro area remains solid and broad-based, as confirmed by the...

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05 Sep
Chapter News

International data flows: Commission launches the adoption of its adequacy decision on Japan

Following the conclusion of the EU-Japan talks on personal data protection in July 2018, the Commission launched today the procedure for the adoption of its adequacy decision. Commissioner Jourová today briefed the College on the next steps and the Commission is publishing the draft adequacy decision and the related documents. This includes the additional safeguards that Japan will apply to EU personal data transferred to Japan, as well as commitments regarding access to personal data by Japanese public authorities for law enforcement...

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05 Sep
Member News

Human Error and Data Breaches

By  Martin P.J. Kratz QC With Canada implementing mandatory private sector breach reporting under the federal Personal Information Protection and Electronic Documents Act (PIPEDA) on November 1, 2018, it is worth noting that many breaches are due to human error. These breaches can be minimized with proper policies, practices and employee education, as well as regular monitoring and review of an organization’s privacy policies. Data Commissioners or Information Commissioners often report details around the number, type and sources of breaches that are reported to them. The UK’s...

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04 Sep
Brexit News, Chapter News

A “Gross betrayal of Democracy” ?

The UK Prime Minister, Mrs May, writes today that to have a second Referendum in the UK on Brexit would be “a gross betrayal of democracy”. If she believes that, she does not understand democracy very well. She seems to suggest that democrats, having made a decision, should not ever change their minds. In fact, democracy is all about creating mechanisms whereby voters CAN change their minds. Democracy allows voters to change their minds, usually through parliamentary elections. Totalitarian or dictatorial regimes, who...

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04 Sep
Member News

ING reaches settlement agreement with Dutch authorities on regulatory issues in the ING Netherlands business

ING announced today that it has entered into a settlement agreement with the Dutch Public Prosecution Service (DPPS) relating to previously disclosed investigations regarding various requirements for client on-boarding and the prevention of money laundering and corrupt practices. Under the terms of the agreement ING has agreed to pay a fine of €675 million and €100 million for disgorgement. Settlement agreement with Dutch Public Prosecution Service; ING agrees to pay a fine of €675 million and €100 million for disgorgement; ...

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