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TRANSATLANTIC NEWS

27 Jul

Chapter News, News

ECB | Energy shock: Why Oil and Gas Prices Have Risen Less Than Expected

The ECB Blog | Why have energy prices risen less during the Iran war than after Russia’s invasion of Ukraine? This ECB Blog post compares the two episodes and explains the role of market buffers, demand and competition for LNG shipments. The wars in Ukraine and Iran have both led to significant energy shocks and, as a result, rising energy prices. Yet the two shocks differ markedly in terms of both scale and market impact. Most notably, although the disruptions to...

24 Jul

Chapter News, News

OECD | Corporate Tax Revenues Remain Elevated While Tax Rates Stabilise, According to New OECD Data

Corporate income tax (CIT) revenues remained at historically high levels in 2023, while corporate tax rates have broadly stablised, according to the 2026 edition of OECD Corporate Tax Statistics released today. Across 135 jurisdictions for which data is available, CIT revenues accounted for 17.3% of total tax revenues and 3.5% of GDP on average. While slightly lower than in 2022, these levels remain above pre-pandemic levels and earlier historical peaks. Corporate tax revenues continue to represent an important source of public finances, particularly...

24 Jul

Chapter News, News

IMF | How Central Banks Can Contain Financial Stability Risks as AI Accelerates Change

IMF Blog post | Stronger oversight, better data, and deeper coordination are needed to safeguard faster and more interconnected markets Artificial intelligence is reshaping how financial firms price risk, allocate credit, and respond to stress. It is increasingly embedded in the decision‑making architecture of the financial system. For central banks and financial supervisors, the key challenge is ensuring that AI is governed in ways that reinforce, rather than undermine, financial stability. Three priorities stand out: Strengthen oversight and governance of AI‑driven...

21 Jul

Chapter News, News

European Commission Publishes Guidelines on Transparency Obligations for Providers and Deployers of Certain AI Systems

Today, the European Commission published guidelines to assist providers and deployers of artificial intelligence (AI) systems in meeting the AI Act's transparency obligations, which start to apply on 2 August 2026. Transparency obligations will help people recognise when they are interacting with AI or when content has been generated or altered by AI, reducing the risk of deception and manipulation. The guidelines published today clarify which providers and deployers must comply with the transparency obligations for interactive AI systems and...

17 Jul

Chapter News, News

ECB Selects 36 Payment Service Providers to Join Digital Euro Pilot

The European Central Bank (ECB) has selected 36 payment service providers (PSP) from across the euro area to participate in the digital euro pilot. The pilot exercise is crucial for testing the digital euro’s technical functionality and operational processes, as well as for refining user experience. The pilot aims to support the ongoing preparatory work for the potential issuance of a digital euro, and is due to start during the second half of 2027 for a period of 12...

UPCOMING EACC EVENTS

17 Sep

“Qué Será, Será” - Annual Economic Update with Chief Economists

05:30 PM - 08:00 PM

In a year defined by uncertainty, volatility, and shifting global dynamics, EACCNY organizes its flagship annual economic update, bringing together leading chief economists to assess what may lie ahead for the transatlantic economy.

More Chapter Events

PARTNER EVENTS

30 Jul

WEBINAR | AI in Biotech: US and European Perspectives on Patentability

09:00 AM - 10:00 AM

Co-hosted by Foley Hoag | Please be invited for a webinar on the evolving role of artificial intelligence in biotechnology and the patent issues raised by AI-driven innovation in the life sciences.

30 Jul

WEBINAR | Trepp Market Pulse

02:00 PM - 03:00 PM

Hosted by TREPP | Want to know what Trepp is watching in the markets and how it may impact commercial real estate (CRE)? Register now for their Market Pulse Webinar.

More Partner Events

MEMBER NEWS

27 Jul

Member News, News

Stephenson Harwood | The “Digital Omnibus” on AI: Ten Key Takeaways

On 27 July 2026, the agreed final text of the Digital Omnibus on AI (the “Digital Omnibus on AI”) entered into force, following its publication in the Official Journal of the European Union. Originally proposed by the European Commission (“Commission”) in November 2025 (the “Proposal”), and subject to multiple rounds of trilogue negotiations in April and May 2026, the European Parliament (“Parliament”) and Council of the European Union (“Council”) reached a provisional political agreement to amend and streamline the EU...

27 Jul

Member News, News

OCO Global | Remembering the 2025 Tariff Wars: What Capital Did Next

Early investment data suggest trade uncertainty is changing the scale and character of investment into the US, even as project numbers remain broadly stable. Early 2025 already feels like a foreign country: familiar enough to recognise, strange enough to need explaining. For a few months, tariffs were everywhere. Steel. Aluminium. Reciprocal tariffs. Trade deficits. And, of course, “Liberation Day”. Washington argued that exemptions had weakened domestic industry and left critical supply chains exposed. Europe warned of higher costs, disruption and retaliation. In...

24 Jul

Member News, News

Noerr | Digital Omnibus: AI Is Nearing the Finish Line – Is EU Data Law Heading Down the Wrong Track?

The provisional agreement reached on 7 May 2026 between the European Commission, the European Parliament and the Council of the European Union regarding the Digital Omnibus on AI falls short of its stated aim of promoting innovation. Against this backdrop, the yet-to-be-reached agreement on the Digital Omnibus (on data law) is of paramount importance for Europe’s attractiveness as a business location. Rather than rushing to close a deal, the EU should seize this opportunity to enact genuine reforms that avoid stifling AI innovation at...

24 Jul

Member News, News

PwC | US Tax Policy – House Passes Budget Resolution for Third Reconciliation Bill Without Tax Committee Instructions

The House on July 22 passed by a vote of 216 to 214 a fiscal year 2027 budget resolution that would authorize a third budget reconciliation bill in the 119th Congress to address military spending, election security, and farm assistance. The proposed budget resolution contains $95 billion in reconciliation instructions for four House committees to approve their portions of the reconciliation legislation by September 11. The reconciliation instructions are for the Agriculture ($12 billion), Armed Services ($60 billion), Intelligence ($10 billion),...

New Micropodcast Series: What’s Happening Across the Atlantic

The EACCNY is happy to announce the launch of its “What’s Happening Across the Atlantic” series, an initiative that aims to offer our members and wider audience hands-on updates on current affairs and policy developments on both sides of the pond. In these 3-5 minute segments, EU and US policy makers and experts along with a select group of EACCNY members will answer a single timely question: What’s Happening Across the Atlantic” focusing on a specific topic that is relevant to our audience.

Member Spotlight

For more than 50 years, Wilson Sonsini Goodrich & Rosati has offered a broad range of services and legal disciplines focused on serving the principal challenges faced by the management and boards of directors of business enterprises. The firm is nationally recognized as a leader in the fields of corporate governance and finance, mergers and acquisitions, private equity, securities litigation, employment law, intellectual property, and antitrust, among many other areas of law. With deep roots in Silicon Valley, Wilson Sonsini Goodrich & Rosati has offices in Austin; Beijing; Boston; Brussels; Hong Kong; Los Angeles; New York; Palo Alto; San Diego; San Francisco; Seattle; Shanghai; Washington, D.C.; and Wilmington, DE.