25 Sep
Chapter News, News

Enrico Letta, Prime Minister of the Italian Republic Rang NYSE Opening Bell

H.E. Enrico Letta, President of the Council of Ministers of the Italian Republic, at the NYSE Earlier today his Excellency Enrico Letta, President of the Council of Ministers of the Italian Republic visited the New York Stock Exchange (NYSE) and rang The Opening Bell. During his visit, Prime Minister Letta met with NYSE Euronext executives and delivered remarks about the status of reforms Italy is implementing to address the country's economic difficulties. The event was organized by the NYSE and the...

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24 Sep
Chapter News, News

TTIP and the Fifty States: Jobs & Growth from Coast to Coast

A groundbreaking new report from the Atlantic Council, the Bertelsmann Foundation, and the British Embassy in Washington, entitled TTIP and the Fifty States: Jobs and Growth from Coast to Coast, explores the impact of the Transatlantic Trade and Investment Partnership (TTIP) on the economies of all fifty United States. Download PDF In summer 2013, representatives of the United States and European Union opened negotiations to establish this new trade partnership, which would deepen the relationship between the world’s two leading economies...

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24 Sep
Chapter News, News

Strengthening Consumer Safety: Improving the Safety of Medical Devices

Brussels, 24 September 2013 -- Today the European Commission adopted two measures to improve the safety of medical devices fulfilling its commitment to restore patient confidence in the medical devices sector following, amongst others, the Poly Implant Prothèse (PIP) breast implants scandal. The new rules are a Commission Implementation Regulation clarifying the criteria to be met by notified bodies1, which are responsible for inspecting manufacturers of medical devices, and a Recommendation clarifying the tasks these bodies have to undertake when...

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23 Sep
Chapter News, News

What Do We Need for a Successful Transatlantic Trade & Investment Partnership (TTIP)?

Commissioner De Gucht spoke about the main challenges the EU and the US will face in the negotiations for the EU-US free trade agreement, known as “Transatlantic Trade and Investment Partnership” (TTIP). Speaking at an event promoting the Ryder Cup golf competition one year ahead of the next tournament in Gleneagles, Scotland, he said that apart from removing customs duties and freeing up trade in services, the most difficult bit will be to reduce regulatory barriers to trade and investment....

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23 Sep
Chapter News, News

Banking Union Tops Agenda in Discussion with Draghi

The practical details of setting up a single bank resolution system and fund, the upcoming bank balance sheet health checks and next steps for Greece were the key issues Economic and Monetary Affairs Committee MEPs raised with European Central Bank President Mario Draghi on Monday. MEPs also discussed the economic risk landscape with Mr Draghi, in his capacity as Chair of the European Systemic Risk Board. Single resolution mechanism Besides discussing the practical details for establishing the single bank supervisor, the...

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19 Sep
Chapter News, News

Dr. Andreas Dombret: Five Years after Lehman Learning from the Past, looking to the future

Speech by Andreas Dombret Member of the Executive Board of the Deutsche Bundesbank at the 24th European Business School Symposium in Oestrich-Winkel Thursday, 19 September 2013 Ladies and gentlemen Most people remember what they were doing on September 11, 2001. On that day the towers of the World Trade Center collapsed, sending a shock wave throughout the world. What followed was a war in Afghanistan and a war in Iraq. In the financial profession, most people remember September 15, 2008. On that...

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19 Sep
Member News, News

Pirelli Featured In New “Global Compact 100” Sustainability Stock Index

Stock market performance of 100 companies selected over-performed market, with 12-month return of more than 25% EACCNY member Pirelli Tires is proud to announce its inclusion in a new stock index launched by the UN Global Compact in partnership with research firm Sustainalytics. The index, called the “Global Compact 100”, includes 100 companies selected according to their commitment to the Global Compact ten principles, executive leadership commitment, and consistent base-line profitability. In announcing the new index, in which Pirelli is...

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18 Sep
Chapter News, News

UN Global Compact Launches Stock Index

Companies Beat Overall Market – Return More Than 25 Percent The UN Global Compact today launched the “Global Compact 100” – a stock index of companies committed to the Global Compact ten principles that shows a total investment return of 26.4 percent during the past year, surpassing the general global stock market. The “GC 100”, released in partnership with research firm Sustainalytics, is composed of a representative group of Global Compact companies selected based on their adherence to the Global Compact’s...

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16 Sep
Member News, News

Trimont Real Estate Advisors Opens London Office Expanding Global Footprint

LONDON (September 2013) — Trimont Real Estate Advisors, an independent third-party commercial real estate service provider with approximately 45 billion euros ($60 billion) of invested capital under management, has opened a London office to serve commercial real estate lenders and investors throughout Europe. London operations are led by Jaymon Jones, formerly a vice president at Morgan Stanley Mortgage Servicing and a former director of strategic initiatives at the Commercial Real Estate Finance Council Europe. He joins 220 other Trimont professionals...

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16 Sep
Chapter News, News

Barnier Vows to MEPs to Press Ahead with Banking Union

The single resolution mechanism for banks can be set up without a treaty change, financial services commissioner Michel Barnier told lawmakers on Monday. He added that he was open to improving the mechanism through treaty changes at a later stage. MEPs questions mainly focused on banking union in the light of the concerns raised by some member states. Addressing the economic and monetary affairs committee, Mr Barnier said that five years after the collapse of Lehman Brothers there was...

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