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Member News
Member News
15
May
Key takeaways
Data is increasingly shared across vendors and cloud environments, expanding the attack surface.
Organizations should embed cybersecurity resilience into their enterprise risk management framework.
Improving third-party risk oversight and building a culture of shared accountability can help.
Financial services organizations continue to be among the industries most targeted for cyberattacks. Banks, lenders, investment firms and payment processors sit at the intersection of sensitive data, global money movement and critical infrastructure, making them attractive targets for cybercriminals, hacktivists and...
14
May
The 2026 FIFA World Cup, taking place this summer across the United States, Canada, and Mexico, will capture global attention with its exciting matches, heated rivalries, and memorable moments. However, the tournament also brings challenges off the field that players have to navigate.
While athletes focus on the games at hand, they also work with their advisors to address a complex web of international tax obligations—particularly nonresident players who have the potential to earn income from participation bonuses and other...
13
May
On 6 May 2026, the European Securities and Markets Authority (ESMA) published a Public Statement presenting the results of its Common Supervisory Action (CSA) on the integration of sustainability into firms' suitability assessments and product governance processes and procedures under MiFID II.
Background
In October 2023, ESMA launched the CSA with national competent authorities (NCAs) to assess the progress made by investment firms and credit institutions in applying the key sustainability requirements introduced under the MiFID II Delegated Acts (CDR (EU) 2021/1253 and...
12
May
Following the U.S. Supreme Court’s invalidation of the Trump administration’s tariff program under the International Emergency Economic Powers Act (IEEPA), U.S. Customs and Border Protection (CBP) has moved quickly to operationalize what may become one of the largest tariff refund processes in recent history.
On April 20, 2026, CBP launched new functionality in the Automated Commercial Environment (ACE) Portal, through the Consolidated Administration and Processing of Entries (CAPE) framework, to support the submission and administration of valid IEEPA tariff refund claims. In CSMS #68536553, CBP also...
12
May
For privately held manufacturers who export, IC‑DISCs are one of the rare tax strategies that are long‑standing and stable.
Privately held manufacturers often compete globally while managing a far different set of pressures than large public or private‑equity–backed companies.
One way to create a business advantage is tax strategies increasing cash flow and reducing owner-level taxes. One such tax strategy relevant to export‑oriented manufacturers is the Interest Charge - Domestic International Sales Corporation (IC‑DISC), which can generate current-year, permanent tax savings...
12
May
The data-center sector's rapid growth is colliding with mounting challenges around power, community opposition, concentration, and underwriting risk. Those were among the key takeaways at last week's Trepp Connect conference hosted by Trepp Inc. in Midtown Manhattan's Rockefeller Center.
It's hard to believe that a sector with a 1% vacancy rate and a global inventory that is expected to nearly double in the next five years could be facing so many uncertainties, but they seem to continue to mount.
Those uncertainties...
11
May
In this week’s Roar: Tariffs back in the news, the April Logistics Manager’s Index, China’s declining air export volumes, tariff refunds on the way, and the cost of AI.
A federal trade court (CIT) has ruled that President Trump’s 10% global tariffs were unlawful because they exceeded the authority granted under Section 122 of the Trade Act of 1974. This follows the earlier decision against Trump’s tariffs imposed under emergency powers laws. While the administration is expected to appeal, the ruling currently blocks...
11
May
On May 7, 2026, a divided three-judge panel of the U.S. Court of International Trade (CIT) held that the Trump administration’s temporary 10% global tariffs imposed under Section 122 of the Trade Act of 1974 are “invalid” and “unauthorized by law,” as applied to the plaintiffs before the court (the State of Washington and two private companies). The panel enjoined collection of the Section 122 duties from the plaintiffs but did not extend relief nationwide, meaning other importers may...
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