19 May
Chapter News, News

Statement by the EU Commission following the EIB’s decision of the next projects to be pre-financed as part of the Investment Plan for Europe

Brussels, 19 May 2015 Today the European Investment Bank (EIB) announced that it has approved financing for four investment projects as part of the Investment Plan for Europe, in which it is the Commission's strategic partner. These projects are in energy efficiency investment to reduce heating bills of private homes in France; new renewable energy and related transmission links in links in northern and western Europe; reduction of industrial energy use in Finland; and improvement to gas transmission in Spain. Today's decision follows the EIB's...

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19 May
Chapter News, News

Better Regulation Agenda: Enhancing transparency and scrutiny for better EU law-making

Today, 19 May, The European Commission adopts its Better Regulation Agenda. This comprehensive package of reforms covering the entire policy cycle will boost openness and transparency in the EU decision-making process, improve the quality of new laws through better impact assessments of draft legislation and amendments, and promote constant and consistent review of existing EU laws, so that EU policies achieve their objectives in the most effective and efficient way. First Vice-President Frans Timmermans said: "This Commission is determined to change both what...

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18 May
Chapter News

Yves Mersch, Member of the Executive Board of the ECB speech at Swedbank Economic Seminar

Stockholm, 18 May 2015 Ladies and gentlemen, There is an old saying that “with money, Latin and a good horse, you can get through all Europe”. These days a good command of Latin does not help you much outside of the Vatican City. Most of us prefer to travel by plane or train. But at least in the 19 countries of the euro area, the money a citizen holds in his or her pocket crosses all national borders. This only remains the...

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18 May
Member News

Greenwich Office Loan Heads to Special Servicing

According to May remittance data received late last week, the $38.95 million The Mill loan was sent to special servicing. The loan is backed by a 111,393 square-foot office in Greenwich, Connecticut. The note makes up 1.2% of the collateral behind JPMCC 2007-LD11. When the loan was securitized in 2007, the office property was 100% occupied. As of 2013, it was 91% occupied. However, the occupancy rate fell to 70% in 2014, and the DSCR dropped with it. The DSCR was 1.09x in 2013, but that...

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16 May
Member News

Keeping the App Store ‘Appy! Avoiding the Pitfalls of App Compliance, Part 1

Apps are frequently rejected for failure to comply with app store legal rules. This can happen at the initial app approval stage, or even later after the app is up and running. These legal rules are set out in the app store guidelines and various legal documents. It is crucial not to forget these when developing an app. This post highlights some of the Apple App Store guidelines and requirements that app developers should keep in mind. Next week, in...

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15 May
Chapter News

Energy and Climate Change Update from the U.S. White House

In this latest Climate Change and Energy update, the Administration announces the Solar Ready Vets Program and the POWER Initiative, releases a partnership with farmers and ranchers to address climate change, and issues an Executive Order to cut federal government emissions 40 percent by 2030. Keep reading to find out more! Solar Ready Vets Program On April 3, at an event at Hill Air Force Base in Ogden, Utah, President Obama announced a suite of commitments to help drive growth in...

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13 May
Member News

Tuesday’s Activity: Weakness Among European Stocks Sends US Equities Lower, CMBS Modestly Wider

The CMBS market faded in tandem with stocks on Tuesday. US equities opened the day sharply lower after a sell off of European stocks. After fighting back over the course of the day, US stocks ended with only modest losses. The S&P 500 was off 0.29%. CMBS spreads moved wider on another busy day. About $400 million was out for bid as spreads among legacy super seniors and new issue AAAs moved out a basis point or two. A big block of GSMS 2007-GG10 A4s...

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13 May
Chapter News

EU Economy: Country-specific recommendations 2015: Further efforts needed to support a robust recovery

Brussels, 13 May 2015 – Further policy is needed to return to self-sustaining growth. The European Commission today adopted country-specific economic policy recommendations for 2015 and 2016 asking for national actions to create jobs and stimulate growth. These recommendations reflect the Commission’s economic and social agenda. Since President Juncker’s Commission took office in November 2014 and published its Annual Growth Survey 2015, this agenda has focused on three mutually reinforcing pillars: boosting investment, implementing structural reforms and pursuing fiscal responsibility. The successful...

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12 May
Member News

Foreign Policy Releases May/June Spy Issue

Spies and spycraft fuel the imagination with intrigue—whether it’s the world’s fascination with a fictional James Bond or with a real-world Edward Snowden. Today, Foreign Policy released the May/June issue, diving into the issues behind today’s “Golden Age of Surveillance” and exploring what espionage means to global security. In this 88-page Spy Issue, FP writers and contributors examine the spy game in the 21st Century as “nations expend vast treasure and take extreme risks to root out secrets.” FEATURES INCLUDE: • Trevor...

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11 May
Chapter News

Unleash innovation to spur growth in Europe

Improving Europe's capacity to innovate and be globally competitive requires further efforts to encourage disruptive ideas and foster their commercial up-take. These are some of the conclusions to be drawn from the latest ranking of innovation performance across Europe. The European Commission's Innovation Union Scoreboard 2015 reveals that the EU’s overall level of innovation has remained stable. However, the crisis has left an impact on the private sector's innovative activity: the number of innovative firms is in decline, as are...

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