02 Nov
Chapter News

The international regulatory agenda on CCP links

Speech by Benoît Cœuré, Member of the Executive Board of the ECB, at the ESRB workshop on CCP interoperability arrangements,  2 November 2015 Ladies and gentlemen, I would like to thank the European Systemic Risk Board for inviting me to speak on such an important topic. Central counterparty (CCP) interoperability is a relatively new development in the European clearing landscape – the first interoperability arrangements between two European CCPs were only established in the early 2000s, covering transactions on government bonds and...

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02 Nov
Chapter News

EIB signs loans totaling EUR 115 million to Cyprus to support EU-funded infrastructure projects, SMEs and MidCaps

The European Investment Bank (EIB) signed today a EUR 100 million loan for supporting key infrastructure investments in Cyprus, as well as an additional EUR 15 million loan for supporting local SMEs and MidCaps, helping to boost economic recovery and create new jobs. “The EIB remains firmly committed to supporting the Cypriot economy and we have clearly shown this by our actions during the crisis and again today,” said EIB President Werner Hoyer. “The EU Bank has been a reliable...

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30 Oct
Chapter News

Shaken but not stirred? The banking system seven years after the crisis

On October 29th, Dr. Dombret, Executive Board member of the Deutsche Bundesbank, delivered a speech at the Financial Markets Group Research Centre of the London School of Economics and Political Science in London. Some of the items discussed include the reconstruction of the financial infrastructure after the banking crisis, lessons learned, plans forward and the various challenges regarding the baking system, finalizing the recovery and resolution framework and learning to live with different market structures. In my speech tonight I will outline the...

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30 Oct
Member News

The Swedish Government decides to open a Consulate General in New York

The Government decided today to upgrade the Swedish presence in New York by opening a salaried Consulate General. The Consulate General will open in December and replace the honorary consulate currently there. The focus of the Consulate General in New York will be to promote the image of the innovative, creative and competitive Sweden of today. Trade and investment promotion at the Consulate General is expected to largely focus on conveying knowledge and offering a network and platform for promotion...

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30 Oct
Member News

IPTI: A property tax update for various European Countries countries

The International Property Tax Institute offers a quick look around the world to see what is happening in respect of property tax in various countries. Here is an extract from IPTI's president, Paul Sanderson: "Time now for my usual quick look around the world to see what is happening in respect of property tax in various countries. As I am currently in Ireland, perhaps that is a good place to start. The Irish government is to freeze the amount homeowners...

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30 Oct
Member News

Call for Papers: “Faculty-Driven Internationalization” – IIENetworker Spring 2016 Issue

IIE is currently accepting article submissions for the Spring 2016 issue of IIENetworker magazine on "Faculty-Driven Internationalization." The purpose of this issue of IIE’s biannual magazine is to examine innovative ways faculty can drive internationalization efforts on campus, including leading short-term student international experiences; initiating international research collaborations and publications; creating internationally-focused curricula; participating in programs abroad such as faculty exchanges, training programs, etc.; employing new technology (virtual, social media); and incorporating their own international experiences into their teaching. This issue...

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30 Oct
Chapter News

Euro area unemployment rate at 10.8%

The euro area (EA19) seasonally-adjusted unemployment rate was 10.8% in September 2015, down from 10.9% in August 2015, and from 11.5% in September 2014. This is the lowest rate recorded in the euro area since January 2012. The EU28 unemployment rate was 9.3% in September 2015, down from 9.4% in August 2015, and from 10.1% in September 2014. This is the lowest rate recorded in the EU28 since September 2009. These figures are published by Eurostat, the statistical office of...

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30 Oct
Chapter News

European Equal pay day: It’s time to close the gap

Monday 2 November marks the day in the year when women across Europe stop being paid, while men will continue to earn money until 31 December. The average hourly wage for women in Europe is 16% lower than it is for men, so women effectively work 58 days for free each year, for work of the same value. Ahead of this occasion, First Vice-President Timmermans, Commissioner Thyssen and Commissioner Jourová said: "Equality between men and women is one of the fundamental values of the European...

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30 Oct
Chapter News

The Juncker Commission: One year on

On Sunday 1 November 2015, the Juncker Commission marks one year in office. At the beginning of his mandate, President Juncker said this would be a new start for Europe, and that his Commission would focus on ten political priorities, the key challenges that face both our economy and society. The Commission's €315 billion investment plan to kick-start jobs and growth is up and running. The first projects are in operation and many more will follow. Throughout the past year the European Commission has made concrete proposals, putting...

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29 Oct
Chapter News

ECB publishes Report on Financial Structures, detailing structural changes in the euro area financial sector

New ECB report covers banks as well as other financial intermediaries Banks, insurance companies and pension funds in largest euro area economies exposed primarily domestically Consolidation and rationalisation in the banking sector continued in 2014, and the median Tier 1 ratio increased to 14.4% from 13% Insurance companies and pension funds are starting to adjust structurally to low yield environment Shadow banking sector continues to grow mainly on account of an expanding investment fund sector The European Central Bank has today published the Report...

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