Member News, News

TREPP, LLC: May Loan Loss Analysis: Volume Back Above $1 Billion, Loss Severity Elevates

Another block of assets that is up for auction in May and June started to flow through remittance this month, which sent volume and severity up after a lull in April. Liquidated loan volume reached $1.02 billion in May, up from $844.16 million in April. Of the loans that were liquidated, 84% (by balance) fell into the greater than 2% loss severity category. May loss severity registered 48.94%, up nine percentage points from April's 39.77% and just above the 12-month...

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Chapter News, News

Elections night is over: what follows?

The European elections are now behind us, but many questions have yet to be answered. The next few days should cast more light on who will be the next Commission president and which political groups will find common ground to shape the agenda of the new Parliament. Here is a brief look at what comes next. New Commission President The Conference of Presidents, which consists of the leaders of parliamentary groups and the EP president, meets early on Tuesday 27 May,...

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Chapter News, News

EU Election Results

Check the EU Election Results EU wide and by individual country. By using the drop down you can review the results for each of the EU countries. Happy exploring! To better understand what this will mean for your business activities, be sure you attend our upcoming seminars. The European-American Chamber of Commerce hosts programs to educate our members and the larger tristate community about relevant issues for participants in transatlantic business activities and transactions. If you are an active participant of commerce...

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Chapter News, News, Trade & TTIP Related

Press Conference: Conclusion of the 5th TTIP Negotiation Round

EU chief negotiator Ignacio Garcia Bercero (right) and US chief negotiator Dan Mullaney (left) held a joint press conference at the U.S. State Department in Washington on May 23, 2014 at the conclusion of the 5th TTIP negotiation round. YOU MAY ALSO BE INTERESTED IN: EU and US Negotiators Meet for 5th Round of Talks on TTIP Albuquerque Journal: EU Ambassador Touts Trade Pact in ABQ Ensuring transparency in EU-US trade talks: EU publishes negotiating positions in five more areas

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Member News, News

NEW YORK CITY PREPARES TO WELCOME THE WORLD’S LONGEST OCEAN RACE

The twelve international crews competing in the Clipper 2013-14 Round the World Yacht Race will arrive in Manhattan on June 4, following a brief muster in New Jersey, after completing more than three quarters of its eleven month, 40,000 mile global ocean odyssey. Established by legendary British sailor Sir Robin Knox-Johnston in 1995, the Clipper Race is uniquely designed for amateur sailors (only the skippers are professional), whose only required qualifications include a thirst for adventure and the desire to...

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Chapter News, News

Commissioner Barnier welcomes the Signature of the intergovernmental Agreement (IGA) on the Single Resolution Fund

Brussels, 21 May 2014 -- Today, 26 Member States have signed the Agreement on the transfer and mutualisation of contributions to the Single Resolution Fund (SRF), an essential part of the Single Resolution Mechanism (SRM) - STATEMENT/14/119. This is an important signal of the commitment of Member States, to make the banking union a success. The Agreement signed today is a key component of the SRM as it is the pre-requisite to the application of certain provisions in the SRM...

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Member News, News

Import/Export Factoring — Going Where Traditional Financial Service Firms Fear to Tread

By Richard Tretler, Chief Financial Officer/Treasurer, DS-Concept Factoring Over the past five years, the import/export sector expanded significantly. However, traditional financing tools available to small businesses in this arena continue to shrink, leaving behind a marketplace opportunity with enormous potential for import/export trade finance and factoring firms. Before I became the chief financial officer/treasurer of DS-Concept Factoring, I was the CFO for a New York City-based international importer/distributor of fashion and consumer goods. I come from “being in the trenches” with...

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Chapter News, News

Financial regulation: European Commission presents a first comprehensive review of the EU’s reform agenda

With most financial reform measures now adopted, the European Commission has today published a first comprehensive review of the financial regulation agenda as a whole. This economic review sets out how the reforms will deliver a safer and more responsible financial system by enhancing financial stability, deepening the single market for financial services and improving its efficiency whilst improving market integrity and confidence. Evidence suggests that the total expected benefits of the financial regulation agenda will outweigh the expected...

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Chapter News, News

5th Round Transatlantic Trade and Investment Partnership Negotiations May 19 – 23, 2014

NEGOTIATIONS The fifth round of U.S. - EU negotiations on the Transatlantic Trade and Investment Partnership (T-TIP) agreement will take place in Arlington, Virginia from May 19 – 23, 2014.  The negotiating teams will discuss the full range of T-TIP negotiating issues including, trade in goods and services; investment; regulatory issues; sanitary and phytosanitary measures; government procurement; intellectual property rights; electronic commerce and telecommunications; environment; labor; small and medium-sized enterprises; and energy and raw materials. STAKEHOLDER FORUM On the margins of the...

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