25 Mar
Chapter News, News

Pushing for Consumer Safety: 10th Anniversary of Europe’s Rapid Alert System on Dangerous Products

For 10 years the EU Rapid Information system (RAPEX) has been guarding European consumers against un-safe non-food products. In 2013 a total of 2,364 measures were taken by EU Member States. This figure indicates a 3.8% rise in alerts compared to 2012 and continues the increasing trend which has been apparent since the establishment of RAPEX in 2003. "RAPEX shows that Europe is vigilant and cares for the safety of our 500 million citizens. It is a success story of...

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25 Mar
Chapter News, News

EU Solidifies Banking Union: Agreement on Single Resolution Mechanism

The financial crisis in Europe highlighted the need for better regulation and supervision of the financial sector, and since 2010, the European Commission—the EU’s executive arm—has proposed nearly 30 sets of rules to ensure that all financial actors, products, and markets are appropriately regulated and efficiently supervised.  These rules constitute the basic framework for all 28 EU Member States and are the foundation of a properly functioning single market for financial services. As part of this new framework, the EU has...

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25 Mar
Chapter News, News

TTIP: On Track but Off Message?

  On the eve of the US-EU summit, stakeholders remain optimistic that a Transatlantic Trade and Investment Partnership (TTIP) deal can be reached, but they believe a less comprehensive agreement will result from more protracted talks, according to an Atlantic Council-Bertelsmann Foundation survey released yesterday. The survey, a follow-up to a similar 2013 poll, gauges the attitudes of more than 300 individuals on both sides of the Atlantic nearly one year after formal TTIP negotiations began. TTIP will be on the agenda...

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25 Mar
Member News, News

Grace Building Obtains Refinancing

According to Friday's Commercial Mortgage Alert, Brookfield has obtained a $900 million loan on the Grace Building in Manhattan. Part of the loan will go to pay down the $343.5 million in CMBS debt currently outstanding on the office building. There are four senior pieces across three 2004 vintage deals, as well as one B note held outside of the trusts. The loans are open to prepayment and due to mature this July. The loan breaks down as follows: -$105.5 million piece in JPMCC 2004-CB9 (21.7%) -$105.5 million piece in LBUBS 2004-C8 (22.6%) -$51.7...

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20 Mar
Member News

Heidi Shea Springer of NY Grant Company Honored by City & State

 The New York Grant Company, a EACCNY member, is proud to announce that one of 's newest employees, Heidi Shea Springer, is a recipient of City & State Media's Above & Beyond award. This honor is presented to 25 women for excellence in their respective fields, which include labor, public service, business and media. History of Public Service at the NYCEDC Heidi, who is being honored for her excellence in public service, joined New York Grant Company in 2013, after 13 years...

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20 Mar
Chapter News, News

A decisive step towards the banking union

On 20 March the Council, represented by the Greek Presidency, has reached a provisional agreement with the European Parliament on the single resolution mechanism regulation. Eurogroup President Jeroen Dijsselbloem, who is chairing the intergovernmental conference on certain aspects of the single resolution fund, also participated in the negotiations. "On behalf of the Presidency, I should like to warmly welcome today's agreement on this key element of Europe's banking union. I sincerely hope that it will open the way for approval by both Parliament...

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20 Mar
Chapter News, News

US Ambassador to EU Gardner Presents Credentials, Launches Twitter & TTIP Video

On Tuesday, Ambassador Anthony L. Gardner who was sworn in as US Ambassador to the EU on February 18, presented his credentials to the European Council President Van Rompuy and European Commission President Barroso in time for President Obama's upcoming visit to the US-EU Summit on March 26. One of Ambassador Gardner's main priorities will be to ensure the TTIP negotiations remain on track. via the US Mission to the EU See his new video highlighting the opportunities TTIP offers here. Prior...

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18 Mar
Member News, News

The Netherlands and USA sign bilateral FATCA Intergovernmental Agreement

The Netherlands and the United States of America have signed a FATCA (Foreign Account Tax Compliance Act) Intergovernmental Agreement (the IGA) on 18 December 2013 to improve international tax compliance and to establish automated data exchange between the tax authorities of both countries beginning September 2015. FATCA is a US national law that requires all Foreign Financial Institutions (FFIs) worldwide to report the names and other information of their US clients (citizens and businesses) to the US Internal Revenue Service...

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18 Mar
Member News, News

Irish Central Bank Consultation on “Depositary Lite”

The Central Bank of Ireland (the “Central Bank”) published a consultation paper entitled “Carrying out depositary duties in accordance with Article 36 of the AIFMD” (the “Consultation Paper”). The purpose of the Consultation Paper is to invite stakeholders in the funds industry to provide their views on the requirements that should apply where a fund administrator proposes to provide administration services and to perform the depositary duties set out in Articles 21(7) and 21(9) of Alternative Investment Fund Managers...

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16 Mar
Chapter News, New York Related News, News

Competition THRIVE: Empowering and Supporting New York City’s Immigrant Entrepreneurs

Enter Competition THRIVE - A  unique competition that seeks original, innovative strategies and programs that help immigrant entrepreneurs succeed in business. Round I: $25,000 awarded to five semi-finalists to pilot their program and create a business plan Round II: $100,000 awarded to one grand prize winner, plus promotional services to further scale their program For more information and to download the proposal guidelines, visit the Competition THRIVE web page, email competitionthrive@baruch.cuny.edu, or call Lendynette Pacheco-Jorge at 646-312-4799. Submission Deadline: Thursday, May 8, 2014...

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