Uncategorized | European American Chamber of Commerce New York [EACCNY] | Your Partner for Transatlantic Business Resources

05 Sep

Littler Mendelson | Changes to Flexible Working Regime in the UK – What Employers Need to Know

Posted by EACCNY
September 5, 2023

On July 20, 2023, UK’s Employment Relations (Flexible Working) Bill 2023 received Royal Assent and is currently expected to come into force in Summer 2024, though a precise date has not yet been confirmed by the government. Despite campaigning from industry groups and recommendations from the government’s own Flexible Working Taskforce to make flexible working the default position for workers back in May 2021, the new Act does not make flexible working a “day 1” right, and the eligibility requirements...

28 Aug

Member News, Uncategorized

Ad Altius Advisors | The New Superpower: Psychological Fitness is the New Secret Strength of a Business

Posted by EACCNY
August 30, 2023

Psychological fitness is no longer a fringe concept in business; it's a vital organizational concern and a determining factor in the high-stakes arena of modern leadership. In a world where billions of dollars can rely on split-second decisions, psychological strength has become the cornerstone of executive success. It's the armor that shields against the unforeseen and enables leaders to guide their organizations through crisis, while preserving or even enhancing value. The dark days of the pandemic has brought about a...

16 Aug

Member News, Uncategorized

Trepp | European (CRE) Market Update

Posted by EACCNY
August 16, 2023

A barometer for investors’ expectations of eurozone inflation – the 5-year, 5-year forward inflation swap – has reached a 13-year high at 2.66%, as reported by Financial Times. This greatly exceeds the European Central Bank target of 2% and has been somewhat attributed to the rising oil prices. Although interest rates were projected to remain constant for at least a year, as reported by Trepp last week, approximately 50% of investors anticipate one more rate hike this year. Furthermore, additional...

28 Oct

Member News, Uncategorized

Loyens & Loeff | ESG litigation – the criminal angle of greenwashing?

Posted by EACCNY
October 28, 2022

In a market that is becoming more conscious of the environmental (and social) impact of corporate activities, businesses in a vast array of sectors are keen to capitalise on this new trend by actively promoting their 'green' credentials. This incentive can lead to an increased risk of 'greenwashing' claims, as echoed by the recent international press. The present article is the first of the series that we want to dedicate to ESG (litigation) issues. As a starter, we discuss the...

09 Jun

Member News, Uncategorized

Noerr | 18th Regulation Amending the Foreign Trade and Payments Regulation in effect

Posted by EACCNY
June 9, 2022

On 3 May 2022, the 18th Regulation Amending the German Foreign Trade and Payments Regulation (18. Verordnung zur Änderung Außenwirtschaftsverordnung – AWV) entered into force. This law defines new administrative offences that are subject to fines so that penalties can be imposed for violations of sanctions entailing restrictive measures against Belarus, Russia and the regions of Ukraine not controlled by the Ukrainian government, Donetsk and Luhansk. As regards Belarus, this concerns prohibitions of transactions in connection with reserves and assets of...

06 Jun

Uncategorized

NWTP | Technology Risk Management

Posted by EACCNY
June 6, 2022

Once a minor component of Operational Risk, Technology Risk and its related impacts are dominant in the global risk mosaic - affecting individuals, enterprises, governments and society. Information and Communications Technology (ICT) risk embodies a complex, vulnerable Enterprise Eco-system of digital elements (operating within their larger risk-laden Industry Eco-system) than has been considered in traditional Cyber Security analyses. The coming decade will see risk from an expansive portfolio of technologies that includes: Core technologies that create, manipulate, process, store,...

28 Feb

Chapter News, Uncategorized

ECB Speech | Small steps in a dark room: guiding policy on the path out of the pandemic

Posted by EACCNY
February 28, 2022

Speech by Fabio Panetta, Member of the Executive Board of the ECB, at an online seminar organised by the Robert Schuman Centre for Advanced Studies and Florence School of Banking and Finance at the European University Institute | Faced with exceptionally high uncertainty, we should accompany the economic recovery with a light touch, adjusting our monetary policy moderately and progressively as we receive feedback on the effects of our actions, says Executive Board member Fabio Panetta. After many years of too-low...

09 Aug

Uncategorized

New EU forest strategy for 2030

Posted by EACCNY
August 9, 2021

To improve the quantity and quality of EU forests Forests are essential for our health and wellbeing, and the health of the planet. They are rich in biodiversity and are hugely important in the fight against climate change. The new EU forest strategy for 2030 is one of the flagship initiatives of the European Green Deal and builds on the EU biodiversity strategy for 2030. The strategy will contribute to achieving the EU’s biodiversity objectives as well as greenhouse gas emission reduction target of at...

11 Jan

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Copernicus: 2020 warmest year on record for Europe; globally, 2020 ties with 2016 for warmest year recorded

Posted by EACCNY
January 11, 2021

Air temperature at a height of two metres for 2020, shown relative to its 1981–2010 average. Source: ERA5. Credit: Copernicus Climate Change Service/ECMWF Latest data released by the Copernicus Climate Change Service show that globally 2020 was on par with the warmest year ever recorded, marking the end of the warmest decade on record, while CO2 concentrations continue to rise. The Copernicus Climate Change Service (C3S) today reveals that globally 2020 was tied with the previous warmest year 2016, making it the sixth in...

06 Jan

Uncategorized

IMF | Glaciers of Global Finance: The Currency Composition of Central Banks’ Reserve Holdings

Posted by EACCNY
January 6, 2021

The currencies that are being held by central banks as foreign exchange reserves have remained largely steady over decades. Changes in the composition of these holdings can, at best, be described as glacial in pace. But geopolitical shifts and technological revolutions are reshaping the global economy and the international use of currencies. These forces, and the fallout from the COVID-19 pandemic, could further accelerate the transformations in the reserve holdings of central banks. 'Financial links seem to be a key driver...

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