10 Feb
Member News, Uncategorized

DS-Concept Provides $1 Million Export Factoring Facility to Sporting Goods Manufacturer in Pakistan

DS-Concept Factoring, a member of the EACCNY and a global commercial finance company specializing in international non-recourse factoring, has provided a $1 million export accounts receivable facility to a sporting goods and accessories manufacturer in Pakistan. The client, exporting to Europe and North America, is implementing this facility to support the increased demand for open account payment terms from their overseas buyers. With the export factoring facility in place, the client anticipates an annual factored volume of $8MM-$10MM. “We are excited to announce another...

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10 Feb
New York Related News, Trade & TTIP Related

New report shows New York exports are critical to US jobs

The U.S. Department of Commerce report on  Jobs Supported by State Exports 2014 economic brief indicates that goods exported from New York supported 389,957 jobs in 2014 – an increase of 27,919 (7.7%) from 2009. Nationally, record exports of U.S. goods and services supported 11.7 million jobs in 2014. The Office of the United States Trade Representative have put together a booklet highlighting the importance of international trade while speaking to the companies who have benefitted from accessing a global market. The...

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10 Feb
Chapter News

The ECB and its role as lender of last resort during the crisis

Speech by Peter Praet, Member of the Executive Board of the ECB, at the Committee on Capital Markets Regulation conference on The lender of last resort – an international perspective, Washington DC, 10 February 2016 Introduction Ladies and gentlemen, Since tensions emerged in the interbank market in August 2007, central banks have been at the forefront – and centre – of the response to the financial crisis. Such prominence is directly linked to their ability to create liquidity for the entire financial...

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10 Feb
Chapter News

European Commission and the United States Commodity Futures Commission: Common approach for transatlantic CCPs

Commissioner Jonathan Hill and the US Commodity Futures Trading Commission (CFTC) Chairman Timothy Massad have today announced a common approach regarding requirements for central clearing counterparties (CCPs). The US and EU are home to the largest derivatives markets in the world. A common approach to the regulation and supervision of global derivatives markets is critical to supporting cross-border trade and investment and maintaining financial stability. Today's agreement will ensure that European CCPs will be able to do business in the...

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10 Feb
Chapter News

EU conference delegates to discuss water innovation activities and recommendations

Environment minister Melanie Schultz van Haegen is to open the third European Innovation Partnership (EIP) Water Conference in the Frisian provincial capital, Leeuwarden, on 10 February. The Leeuwarden conference is being held under the auspices of the Netherlands Presidency of the EU, like the Cities and Water conference that follows directly after it. The previous conferences were held in Brussels and Barcelona. The 650 participants will consider the latest developments in water-related innovation in Europe. Representatives of government, business and...

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08 Feb
Member News

Effective Business Development For Lawyers & Consultants – 10 Things To Think About

For lawyers and consultants at large and small firms alike, growing a personal book of business can be a challenge. Partners who are deeply engaged in complex technical matters and tending to the needs of their clients often relegate the important tasks of rainmaking and cultivating new clients to the back burner. For senior and junior associates and staff, developing the skills and having some successes along the way that allow you to point to concrete examples of rainmaking...

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08 Feb
Chapter News

9 February: Safer Internet Day

1 out of 4 internet users in the EU experienced security related problems in 2015 - Security concerns limited uptake of certain activities In the European Union (EU), the proportion of internet users having experienced certain common security issues over the internet – such as viruses affecting devices, abuse of personal information, financial losses or children accessing inappropriate websites – stood at 25% in 2015. In other words, three-quarters (75%) of internet users encountered no such online security problems in...

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08 Feb
Chapter News

How will the Paris agreement impact EU climate and energy policies?

Speech by EU Climate Action and Energy Commissioner Miguel Arias Cañete at the Bruegel event "How will the Paris agreement impact EU climate and energy policies?" | Brussels, 8 February 2016> Ladies and Gentlemen, I am pleased to be here with you today, speaking at this prestigious institution. Since its opening in 2005, Bruegel has not only become a world reference in economic policy circles; its reports and well-founded economic analyses also shape and influence political decisions and strategies at the national...

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05 Feb
Chapter News

How central banks meet the challenge of low inflation

Marjolin lecture delivered by Mario Draghi, President of the ECB, at the SUERF conference organised by the Deutsche Bundesbank, Frankfurt, 4 February 2016 Robert Marjolin was a pivotal figure in the birth of Economic and Monetary Union. When the Treaty of Rome was signed in 1956, the aims of European Economic Community were largely limited to creating a customs union and a common agricultural market. Neither was perceived to require monetary integration. It was only with the launch of the...

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05 Feb
Chapter News

Keynote by Commissioner Jonathan Hill at the European Banking Authority’s 5th Anniversary Conference

London, 5 February 2016 | European Banking Authority's 5th Anniversary Conference Ladies and Gentlemen, I'm delighted to be here to celebrate the fifth anniversary of the European Banking Authority. It’s a particular pleasure to do so here at the Guildhall, at the heart of the City of London. From here, Britain has traded with the rest of Europe for centuries. Today, investment flows out from the Square Mile to the four corners of the continent, and financial services – this country’s biggest...

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