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Member News
Member News
23
Jun
In this News Update, we discuss the European Commission's consultations on the PSD2 review, open finance and data sharing; the bill amending the Trust Offices Supervision Act 2018 concerning measures to prohibit trust services in cases involving high integrity risks; and the consultation on the Recovery and Resolution Insurers Amendment Act. We further highlight some other financial regulatory publications issued since our last News Update was published.
European Commission | Consultations on the PSD2 review, open finance and data sharing
On...
22
Jun
Summer Business Activities That May Require Liability Coverage
The summer is a wonderful time to be outside enjoying the weather and possibly taking some well deserved time off. Many businesses open their doors and engage in fun activities that include water sports, barbeques and more.
Accidents happen anytime, anywhere, and no matter what type of business you’re running. With that, we’d like to emphasize the need and importance of having liability insurance for summertime business and activities. You should consider having, or at...
22
Jun
On 10 May 2022, the European Commission and the European Investment Bank (EIB) signed an ambitious Guarantee Agreement through which the European Commission will support up to €26.7 billion of EIB financial operations to enable crucial public investments in sectors like clean energy, digital and transport infrastructure, health and education over the next seven years, rolling out Global Gateway worldwide.
Commissioner for Neighbourhood and Enlargement, Olivér Várhelyi, said: “Today’s landmark guarantee agreement with the European Investment Bank will enable to finance the...
21
Jun
This article was first published in the Sunday Business Post, Sunday 12 June 2022 |
Tensions rise as many believe legislation being prepared by Britain to unilaterally scrap parts of the Northern Ireland protocol will cause more problems than it solves.
“Please don’t go there,” was the message Simon Coveney told reporters that he wanted to send to the British government last week.
The Minister for Foreign Affairs was referring to a bill which will reportedly pave the way for the British...
21
Jun
On June 16, 2022, President Biden signed into law the Ocean Shipping Reform Act (OSRA), bipartisan legislation aimed at providing relief to U.S. importers, exporters, freight carriers, port operators and other companies experiencing sharp spikes in shipping costs and supply chain disruptions since the beginning of the COVID-19 pandemic.
A focal point of the legislation is to curb rising demurrage and detention (D&D) charges imposed on importers and exporters, which have soared, globally, at unprecedented rates over the last year,...
20
Jun
The EACC, in partnership with the International Property Tax Institute (IPTI), wants to keep its members up to date with the latest developments in property taxes in the USA and Europe. IPTI has put together below a selection of articles from IPTI Xtracts; more articles can be found on its website (www.ipti.org).
United States
Texas: Property value protests set new record
Property owners left dazed and confused after getting their Notices of Appraised Values in the mail this year reacted predictably. They...
17
Jun
As expected, on Monday evening the UK Government published its Northern Ireland Protocol Bill aimed at allowing UK Ministers to circumvent a broad swath of the Brexit Agreement’s Northern Ireland Protocol.
The Bill proposes to the introduction of so-called “green” and “red” lanes for British goods destined for Northern Ireland and the Republic of Ireland respectively. Under the proposal, only goods going through the red lane would have to undergo customs checks and paperwork upon entering Northern Irish ports.
A new dual regulatory system...
17
Jun
With a focus on climate, the just transition is an opportunity to create clean, green jobs and halt global warming
Just transition is a commonly used concept in today’s climate discussions. But what does it mean? And can it be accomplished?
There is no single definition of just transition. Broadly speaking, it encompasses the wide range of activities we must carry out to make sure workers and societies can prosper in the transition to a net-zero carbon economy. In this shift,...
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