Transatlantic News

Transatlantic News

Chapter News, New York Related News, News

NYCEDC: Competition THRIVE Empowering and Rewarding New York City’s Immigrant Entrepreneurs

Enter Competition THRIVE - it's a unique competition seeking original, innovative strategies and programs that help immigrant entrepreneurs succeed in business. Your submission could be a winner. About the Competition: As part of New York City's efforts to support growth and job creation in immigrant communities, Competition THRIVE seeks to develop innovative strategies and programs that help immigrant entrepreneurs succeed in business. NYCEDC, in consultation with the Deutsche Bank Americas Foundation and the Garfield Foundation, has partnered with the Lawrence N....
Chapter News, New York Related News, News

NYCEDC and HPD Announce Release of Request for Proposals in Manhattan’s Lower East Side

NYCEDC and HPD Announce Release of Request for Proposals to Develop 1.65 Million Square Feet of Mixed-Use Real Estate on Manhattan’s Lower East Side. Development of Fully Approved Site Will Fill Gap in Urban Fabric That Has Persisted for 45 Years; Creating 1,000 Housing Units, Hundreds of Thousands of Square Feet of New Commercial Space, 1,000 Permanent Jobs and 5,000 Construction Jobs. New York City Economic Development Corporation (NYCEDC) and Housing Preservation and Development (HPD) announced the next major step...
Chapter News, News

Ambassador Vale de Almeida Highlights Potential of EU-U.S. Cooperation in 2013

Looking ahead to 2013, Ambassador João Vale de Almeida, Head of the European Union Delegation to the U.S., said he sees great potential for further EU-U.S. cooperation on foreign policy and economic matters, building upon the strong transatlantic ties. "I am very confident that in the the year to follow, the European Union and the United States will work together to promote growth and jobs across the Atlantic," said Ambassador Vale de Almeida in his New Year's video message. "We...
Chapter News, News

French-American Foundation 2013 Young Leaders Selection Process Opens

The French-American Foundation is pleased to announce the opening of the 2013 Young Leaders selection process! The Young Leaders program, the flagship program of the French-American Foundation, was created in 1981 to foster a new network of trans-Atlantic leaders. Since its inception, the program has taken small groups of carefully selected up-and-coming leaders in government, business, media, the military and the non-profit sector and provided them with the opportunity to spend five days together two years in a row, once...
Chapter News, News

U.S. District Court Rebuffs ICI Challenge to CFTC Rule 4.5 Amendments

Financial Services Alert - Compliments of EACC New York Founding Member Pepper Hamilton LLP On December 12, 2012, the U.S. District Court for the District of Columbia released its decision in Investment Company Institute v. U.S. Commodity Futures Trading Commission rebuffing the Investment Company Institute (ICI)'s and U.S. Chamber of Commerce (Chamber)'s efforts to overturn recently adopted Commodity Futures Trading Commission (CFTC) amendments to CFTC Rules 4.5 (exclusion from definition of commodity pool operator) (CPO) and 4.27 (CPO and CTA reporting...
Chapter News, News

ESMA Guidelines on Repo Arrangements for UCITS

The European Securities and Markets Authority (“ESMA”) has published its Final Report on Guidelines on repurchase and reverse repurchase agreements (the “Final Guidelines”) for UCITS. The Final Report which includes a Feedback Statement, contains an annex detailing the Final Guidelines. The main aim of the Final Guidelines is the protection of investors through the introduction of requirements on using repurchase and reverse repurchase agreements. The main features of the Final Guidelines are as follows: A UCITS that enters into a repurchase agreement...
Chapter News, News

Cooperation Agreement between Switzerland and EU regarding AIFs

A Cooperation Agreement has been approved between the European Securities and Markets Authority (“ESMA”) and the Swiss Financial Market Supervisory Authority (“FINMA”). ESMA negotiated this on behalf of all 27 European Union (“EU”) authorities for securities markets regulation in order to fulfil the pre-condition under the Alternative Investment Fund Managers Directive (“AIFMD”) to provide for third party access to EU markets and to allow for fund management delegation. The main aspects of the Cooperation Agreement are: the supervision by the EU and...