Member News

Luxembourg Stock Exchange publishes new rules and regulations

The rules and regulations of the Luxembourg Stock Exchange (LuxSE) govern the listing and admission of securities to trading on the LuxSE securities market, as well as the conditions for drawing up a prospectus. LuxSe recently published new rules which entered into force on January 1 2016 and replace the previous set of rules (dated January 2015). To learn more about resulting amendments, changes in procedures as well as the concerned parties, please read the full article. Compliments of NautaDutilh - A member of the...

Read more

Member News

Blockchain Technology in the Financial Sector

Much has been written about Bitcoin since its creation in 2008 by Satoshi Nakamoto. Indeed, the high volatility of and scandal after scandal involving this new digital currency have been amply documented in the press. In recent months, however, the price of Bitcoin has stabilised at around 40% of its record high and appears to be rising.  One reason for this is the financial sector's interest in the technology underlying Bitcoin, namely the blockchain. This article first explains blockchains in...

Read more

Chapter News

The outlook for the Global Economy: Remarks by Vítor Constâncio, Vice-President of the ECB, at City Week, London, 9 May 2016

Ladies and Gentlemen, I would like to thank the organisers for inviting me to participate in this event. In my remarks today, I intend to outline my assessment for the euro area outlook against the backdrop of developments in the rest of the global economy. In doing so, I will discuss the prospects of the euro area’s recovery as well as some of the policy initiatives which are required to make it more lasting and vigorous. The main point that I want...

Read more

Chapter News

Europe Day: “Europe of the future is built together with our citizens”

The vital role of citizens and the importance of engaging them in building a better Europe is the key message from Europe's local leaders on the occasion of Europe Day on 9 May. Markku Markkula, President of the European Committee of the Regions, stressed that the European project has brought and is bringing also in the future so much good for the citizens that it must be defended even during turbulent times when it could be easy to succumb...

Read more

Chapter News

Investment Plan for Europe: First EFSI deal signed in Greece by EIF and ProCredit Group to provide loans for innovative SMEs

The European Investment Fund (EIF) and ProCredit group have signed a guarantee agreement to increase lending to innovative small and medium-sized enterprises (SMEs) and small mid-caps in Greece. This transaction benefits from the support of the European Fund for Strategic Investments (EFSI), the heart of the Investment Plan for Europe. Under the new agreement ProCredit group will provide EUR 20 million of loans to innovative companies in Greece over the next two years. The loans will be supported by an EIF...

Read more

Chapter News

Remarks by President Jean-Claude Juncker at the Panel discussion on the “State of the European Union” with European Parliament President Schulz, European Council President Tusk and Prime Minister of Italy, Matteo Renzi

Dear friends, I was a member of the Council of Ministers for 30 years. I was Prime Minister of my country for 19 years and so I can say, without being arrogant, that I have experienced European daily life in different functions. Why is it so difficult now? It was never easy. But what has changed is the general atmosphere and the personal beliefs and convictions of those being in charge of the European projects. In former times, we were working together,...

Read more

Chapter News, Trade & TTIP Related

The State of the TTIP Talks

The below graphic outlines the status of the various areas of negotiation being addressed by TTIP. Among them: Agriculture, Anti-Corruption, Competition, Cross border Trade Services, Customs, Trade Facilitation, eCommerce, Energy & Raw Materials, Investment Protection, IP, Legal & Institutional, Procurement, Market Access for Industrial Goods, Regulatory Coherence & Cooperation, Rules of Origin, SME's, State Owned Enterprises, Sanitary & Phytosanitary Measures, State-to-state dispute Settlements, Subsidies, Sustainable Development, Technical Trade Barriers, Textiles & Apparel, Trade Remedies... Click on the graph to see a...

Read more

Chapter News, Trade & TTIP Related

World Trade Month: The Importance of Global Trade

Every year, World Trade Month—designated for the month of May—gives us the opportunity to acknowledge the importance of global trade, and look back at the economic advancements we have made as a result. This World Trade Month, we can look back and appreciate the success we have accomplished. In 2015, our exports totaled $2.23 trillion, we increased our exports to 58 international markets, and we achieved record exports with 20 global partners. Our export success was one aspect of a...

Read more

Member News

Aeropostale Reveals List of Stores That Won’t Fly Any More & Fresh Market to Close 13 Stores

Aeropostale announced it will be closing 154 stores in conjunction with its bankruptcy filing. We've created a list of CMBS loans that intersect with that list of closings (Aeropostale store closings touching CMBS). There are 36 loans for which a closing Aeropostale is part of the tenant base. The majority of the properties do not list Aeropostale as a top five tenant. Nine of the loans are either going through the foreclosure process, are already REO, or are 60 or more days...

Read more