27 Apr
Chapter News

Financial integration and macro-prudential policy

Speech by Vítor Constâncio, Vice-President of the ECB, at the joint conference organised by the European Commission and the European Central Bank “European Financial Integration and Stability”, 27 April 2015 Ladies and Gentlemen, The financial and sovereign crises have markedly changed our understanding of financial interactions in the Economic and Monetary Union. We have experienced how quickly apparent integration among Member States can unravel and how it can pose a threat to economic activity, job creation and price stability. The degree of...

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27 Apr
Chapter News

Financial integration in Europe rebounds, ECB report finds

Financial integration in the euro area has improved steadily and has reached a level close to that before the sovereign debt crisis Establishment of Banking Union and unconventional monetary policy actions taken by the ECB are major drivers of the improvement Financial integration is crucial for restoring efficient credit flows to the real economy Overall, financial integration in Europe has returned to a level close to that recorded before the sovereign debt crisis, the European Central Bank (ECB) said today in a...

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24 Apr
Chapter News

European Commission contributes EUR 295 million in additional resources to the Neighbourhood Investment Facility

Brussels, 24 April 2015 -- The Neighbourhood Investment Facility brings additional investments in transport, energy and environment infrastructure, including climate change mitigation and adaptation, and to the development of social and private sectors in Eastern and Southern Partner Countries. The European Commission decided to contribute an additional EUR 295.04 million to the Facility in 2015 to enable more than EUR 3 billion in investments. The Neighbourhood Investment Facility (NIF) is an instrument which combines EU grants with other public and...

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23 Apr
Member News

The Portugal Fashion Industry Gains Momentum, Thanks to Its Design Talent and Textile Manufacturing

It’s a scene that’s all too familiar during certain weeks of the year: fashionable crowds grabbing their seats in venues that range from minimalist to the extremely opulent, models walking down runways in the newest designs. From March 25 through 28, designs that spanned from edgy to elegant were showed in Europe, but it wasn’t in one of Europe’s fashion capitals. The occasion was Portugal Fashion, the country’s own version of fashion week. A fashion scene is brewing there in both...

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23 Apr
Chapter News

Fourth quarter of 2014 Seasonally adjusted government deficit up to 2.4% of GDP in the euro area Deficit down to 2.6% of GDP in the EU28

In the fourth quarter of 2014, the seasonally adjusted general government deficit to GDP ratio stood at 2.4% in the euro area (EA19), an increase compared with 2.2% in the third quarter of 2014. In the EU28, the deficit to GDP ratio stood at 2.6%, a decrease compared with 2.8% in the previous quarter. Full text available on EUROSTAT website or here: https://ec.europa.eu/eurostat/web/products-press-releases/-/2-23042015-AP

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22 Apr
Member News, News

Capita Wins Best UCITS Funds Administrator Award

EACCNY member Capita Asset Services has been named 'Best Administrator - UCITS Funds' at the HFM European Services awards, held on 16 April in London. They were also shortlisted for four other awards: Best administrator under $30bn client service, Best administrator under $30bn overall, Most innovative fund administrator under $30bn and Best AIFMD solution. The European Fund and Asset Management Association (EFAMA)'s latest Investment Funds Industry Fact Sheet shows a rise in the sale of UCITS funds in February, with...

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22 Apr
Member News

Enhance Employee Skills and Training Programs with CFA Workforce Development Programs

New York State Department of Labor and other agencies pooled resources available through the CFA to support transformative plans to improve business climate and to stimulate job growth. Through the Workforce Development program commercial business and non-profits alike can receive funding to improve skills and enhance training programs. Existing Employee Training New Hire Training Unemployment Worker Training Soft Skills Development Eligible Organizations... Commercial Businesses Non-Profits Industrial Companies Manufacuturers Management Companies                               ... among others Interested in applying for these grants? Contact NYGC Today  Get the expert knowledge, tailored solutions and compliance-friendly advice...

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22 Apr
Member News, News

GRANITO cheeses Colombia

GRANITO, a member of the EACC New York, is pleased to announce its successful introduction of one of the larger players under the umbrella of the Consorzio Parmigiano Reggiano into the Colombia, Latin America Market. Focusing on B2B commerce transactions in order to maximize distribution, GRANITO, in collaboration with its international partner, is now negotiating the exclusive distribution agreement for Parmigiano cheese in the Colombian market. GRANITO welcomes companies wishing to expand their foreign trade to grow globally with them in...

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21 Apr
Member News, News

TREPP Trading Alert: Met Life Investments Signs On for New NJ Headquarters, Will Leave Single Tenant Office Behind ’03 Deal

For owners of CSFB 2003-C5 bonds, the deal just got a lot more interesting. It was reported today that Metlife Investments will be moving its 850 employees to a new, yet-to-be-constructed office in New Jersey. The firm plans to move 2.5 miles away from its current office to a four-story complex on Whippany Road in Morristown, which will be developed by Vision Real Estate Partners and Rubenstein Partners. MetLife Investments is currently located at 10 Park Avenue in Hanover Township, New Jersey. MetLife is the sole tenant in the 154,766 square-foot building...

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21 Apr
Member News, News

Trade Promotion Authority Legislation Introduced & Haiti Hope Extended

On April 16, the Senate Finance Chairman Orrin Hatch (R-Utah), Ranking Member Ron Wyden (D-Ore.) and House Ways and Means Chairman Paul Ryan (R-Wis.)  introduced bipartisan Trade Promotion Authority (TPA) legislation ((Bipartisan Congressional Trade Priorities and Accountability Act of 2015 (S-995))). To see a copy of the full bill and summary, click here.  A companion House bill is expected shortly.  TPA is the first step necessary to finalize the Trans Pacific Partnership (TPP) (11 countries) and European Union Free Trade...

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