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The shareholders voting right does not serve to express the position of an individual member of an association. When Europe works, it works well. 1. How the European Union could achieve net-zero emissions at net-zero cost, McKinsey Sustainability, December 2020; and The net-zero transition: What it would cost, what it could bring, McKinsey & Company and McKinsey Global Institute, January 2022. The only truly interactive portfolio management system for financial institutions, eFolio allows you to interact with your portfolio online -- sorting, strategies, inventories, research, swaps and more.

Moreover, these countries have a number of neighbours to the east, including Ukraine, that are part of the European continent and may in the future forge closer economic ties with the group of 30 countries analyzed in this research. Take these first steps, Referral strategies for building your business, Longevity solutions to help you and your clients make better decisions, Sustainability Resources to Help You Make Every Day Earth Day, With Revocable Trusts, the Devil is in the Details, Four Tips to Grow Your Business in Volatile Markets, Raymond James Welcomes Head of PCG Advisor Inclusion, Together, we make a difference: Raymond James Cares Month 2022, Investment in the Black Community organization spotlight: The Collective Blueprint, Fighting for our communities: Raymond James and United Way, Stepping it up for the American Heart Association, Change your lunch plans, change a childs life, Kicking for Kids raises thousands for Florida childrens hospitals, Investment in the Black Community organization spotlight: the Rhonda Walker Foundation, Climbing for a cause with the American Lung Association, A sustainable morning spent with the Ol' Salty Souls, Why these Raymond James leaders Go Red for women, Raymond James names organization partners for $1.5 million pledge to the Black community, Giving back from a distance: Holiday generosity in the midst of COVID-19, Raymond James donates over $2 million to aid those impacted by COVID-19, Advisors recognized for investing in others, How Raymond James associates and advisors in Memphis are impacting their communities, St. Pete associates: Looking forward while giving back, Our Recruiting Philosophy & Hiring Process, Career Advice from Campus Recruiter Grace Blankenship, Ten Financial Tips for First Time Job Seekers, Intern Spotlight Advisor Inclusion Networks, Adapting 2020 internships to help students and grads thrive, Raymond James hosts student standouts in Capture the Flag event, Intern Spotlight - Information Technology, Intern Spotlight - Compliance, AML, Legal and Risk, Next Generation Tech Competition for Pinellas Education Foundation, Meet our Accelerated Development Program (ADP) Participants, 4th Annual Women in Capital Markets Symposium, Career Fairs: The Number One Mistake Students Make, Honoring the land of the free and the home of the brave, Emancipation.

Given seismic events within its own continent, a robust Europe is arguably needed more than ever.

'M '+location.mobileNo:''}}, Dentons named Top International Law Firm in the JD Supra 2020 Readers' Choice Awards, Reminder for US and non-US investment advisers to file their annual amendments to Form ADV by March 31, Digitalization in Germany proposal to allow securities to be issued electronically, Dentons advises 5N Plus in its acquisition of AZUR SPACE, Dentons assists Aya Gold & Silver Inc. in the upsizing and closing of its C$26,225,000 underwritten private placement, Securities and Corporate Finance in Europe. Even in an increased EU-harmonized context, there is no room for one-size-fits-all advice: the markets where you operate matter.

Please click Confirm below to continue. Europe can continue to build on its strengths. For many Registered Advisers and ERAs, the end of the fiscal year is December 31. Rooted initially in defense and security, it has, over time, broadened to include economics and technology.

Europe as it is today has been forged in times of crisis. Leibniz Institute for Financial Research SAFE, Theodor-W.-Adorno-Platz 3 60323 Frankfurt am Main, Phone: +49 69 798 30080 Fax: +49 69 798 30077 Email: infowhatever@safe-frankfurt.de, Sustainable Architecture for Finance in Europe, Date:

Europe is a leader on sustainability and inclusion, at least in Northern and continental Europe, our analysis shows (Exhibit 1). It is designed to offer issuers and investors the same degree of legal certainty, reliability and supervisory scrutiny as in the trading of traditional securities governed by German law. However, this is no longer true.

The fact that Europe did not keep pace with the United States in the first technology wave centered on the internet and software now means that Europe is in a weakened position in transversal technologies across sectors. location.telNoTitle+' '+location.telNo:''}}, {{location.mobileNo?

US consumer spending and sentiment remains strong, so far, A new look at how corporations impact the economy and households, McKinsey research finds that reaching net zero by 2050 would require $9.2 trillion in annual average spending on physical assets, $3.5 trillion more than today. 10.

3 Jan Mischke is an MGI partner in Zurich.

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Technology is pivotal, too.

Its that simple. Europes lack of scale in transversal technologies jeopardizes its position in nearly all sectors, including current strongholds like automotive and luxury goods. These challenges are well known among Europes leaders, who keenly appreciate what needs to be done at the institutional level. Please try again later. Bob Sternfels, Tracy Francis, Anu Madgavkar, and Sven Smit, Our future lives and livelihoods: Sustainable and inclusive and growth, McKinsey & Company, October 2021.

The EU defines strategic autonomy differently from the concept of sovereignty. Our analysis looks at ten such transversal technologies on which Europes future performance and prosperity hinge.

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National Center for Employee Ownership in the United States; European Federation of Employee Share Ownership. Confronting this gap will require leaders to show the same resolve and collaboration as they initially displayed in their response to the war in Ukraine.

This article discusses these economies as a region, but we acknowledge that Europe comprises independent countries, often with very different economic profiles. Forgot To view regional capabilities please select below: 2022 Dentons. ICT used to be a sector; now it is everywhere.

Active, Closed, Whether an Organization is for profit or non-profit. It can be achieved via multiple independent global sourcing options as well as a strong footprint of globally leading firms in Europe.

Continuing to better the lives of all Europeans over the long haul requires sustainability, inclusion, and growth. 13 The net-zero transition: What it would cost, what it could bring, Our future lives and livelihoods: Sustainable and inclusive and growth, McKinsey_Website_Accessibility@mckinsey.com, 2 trillion to 4 trillion a year by 2040, How the European Union could achieve net-zero emissions at net-zero cost. P: +49.69.2193.3700, LONDON There has been much discussion about energy dependence and autonomy, but global economic shifts accentuate the need for strategic autonomy on critical technologies. At stake are not only the performance of Europes companies, its tech prowess, and its economic growth and prosperity, but also its progress thus far on sustainability and inclusion. Europe is home to 43 percent of the worlds top 100 universities for life sciences, according to The Times Higher Education World University Rankings 2021; the United States has 34 percent. Questions? Seven of the top ten countries on MGIs global connectedness index are European.

Venture capital funds are a small part of total external funding. The broad concept is that Europe should not aim to do everything within Europe but should never rely on a single source. A changing geopolitical landscape complicates and deepens that challenge. Europes economic performance has been generally more uneven than that of the United States. Magnus Tyreman is the managing partner for McKinsey in Europe based in Stockholm. Our research analysts cover companies in nine highly focused industries across the market cap spectrum.

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The fact that Europe did not keep pace with the United States in the first technology wave centered on the internet and software now means that Europe is in a weakened position in transversal technologies across sectors.

You will now be taken from the global Dentons website to the $redirectingsite website. They tend to have high investment in R&D, a large share of high-skill labor, a high focus on patenting, a high share of intangible assets, and products that focus on services. Most recently, the Russian invasion of Ukrainenot only is a humanitarian catastrophe but has exposed a range of fragilities, from food security and energy to defense. Call us: Jun 2007, Frankfurt Conference on Financial Market Policy, Doctoral Program in Law, Finance, and Economics. Are you searching the right talent pools?

See. KPMG international operates as a network of member firms offering audit, tax and advisory services.

China leads on cleantech production in nearly all areas, often with market shares of more than 50 percent, and the United States leads on most breakthrough technologies. 16.

This client alert serves to remind SEC-registered investment advisers (Registered Advisers) and exempt reporting advisers (ERAs) to file their annual amendment to their Form ADV. And it would amount to about 90 percent of all current social expenditure in Europe (Exhibit 5).

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Germany:The draft bill lays the legal foundation for the issuance and trading of electronic securities, including securities traded on the blockchain. Trust is the key word they share with their clients through this worldwide citizenship YCP Solidiance is a corporate strategy consulting firm with a focus on Asia, "from Dubai to Shanghai".

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This is true for critical transactions as well as when reviewing your financing options in the light of your mid- to long-term corporate strategy. However, the stakes are so high for Europe that decision makers may want to consider breaking new ground and reevaluating trade-offs in a way that has been uncomfortable heretofore. feng shui hong kong bad wsj corporate Much discussion has been taking place about energy dependence and autonomy, but geopolitical shifts also accentuate the need for strategic autonomy on critical technologies. Tech-creating industries offer services centered on proprietary knowledge. Even if policy and regulation create a more enabling environment in which European firms can compete, they, too, need to step up, developing scale and agility in order to grow and succeed not only on the national and regional levels, but globally. What are the top consulting firms inEurope forCorporate Finance services? You need a legal advisor deeply rooted across the continent, connecting you to the key financial hubs.

Lagging growth could, moreover, undermine inclusion by limiting the pool of funds available to spend on social programs. 12 To proceed, please click Accept. Global: Rule 204-1 of the US Investment Advisers Act of 1940 (the Advisers Act) requires annual amendments to Form ADVs to be filed with the US Securities and Exchange Commission (the SEC) within 90 calendar days of the fiscal year-end.

MGI research has found that in Organisation for Economic Co-operation and Development (OECD) economies, the business sector has provided 72 percent of GDP; that contribution has tripled in relation to per capita GDP since the 1960s.

!location.countrycode?location.countryName :location.officeName }}, {{ getActiveCase(headerData.languageLinks,'active',true).languageCode | uppercase}}, {{ getActiveCase(headerData.languageLinks,'active',true).name}}, {{contact.firstName}} {{contact.lastName}}, {{location.telNo? This gap has long been considered a result of specialization and competitive advantage elsewherethat Europe is strong in other sectors such as chemicals, materials, and fashion, for instancemeaning that the weakness is therefore not something to worry about.

P: +44.20.3798.5700, MUNICH Rooted initially in defense and security, it has, over time, broadened to include economics and technology. The strength of Raymond James is reflected in both these ongoing accomplishments and in the consistent recognition we receive from our industry and our peers. McKinsey research finds that reaching net zero by 2050 would require $9.2 trillion in annual average spending on physical assets, $3.5 trillion more than today.

Global leaders in TMT management consulting Analysys Mason is the world's leading management consultancy focused on telecoms, media and technology (TMT).

It is 41 in the United States.

17.

4 overall in Law360s 2015 Largest Practice Groups Report, the annual ranking of the largest 100 US firms by global partner head count. 15. On social mobility, all top ten countries in the Social Mobility Index published by the World Economic Forum are European. Europe can, and should, continue to leverage its many strengths.

Shaping the future of digital economy and new value creation, World Economic Forum. This research looks at ten transversal technologies and finds that Europe leads on only two of the ten. 6. 5 The dataset is refreshed by the hour, meaning that lists are near real-time. European Commission; Important projects of common European interest (IPCE), European Commission; and Thierry Breton, How a European Chips Act will put Europe back in the tech race, European Commission, September 2021. {{ ! Today, for instance, semiconductors produced in Europe meet just 9 percent of European demand, and European companies have only about 10 percent of the market across the semiconductor value chain.

Our associates are more than the heart and soul of our firm theyre the key to its continued success. You are currently viewing Dentons' capabilities in Securities and Corporate Finance in Europe. Total number of Crunchbase contacts associated with this organization, Total number of organizations similar to the given organization, Descriptive keyword for an Organization (e.g. The standard deviation of growth among EU member states was 1.2 percent between 1997 and 2020, compared with 0.8 percent among US states.

To put the estimated value at stake into perspective, that would be equivalent to 30 to 70 percent of Europes forecast GDP growth between 2019 and 2040, or one percentage point of growth a year; six times the gross amount needed in Europe to achieve net-zero emissions by 2050; and about 90 percent of all current European social expenditure, or 500 monthly universal income for each European citizen.

There is no recent news or activity for this profile. The stakes are high. In the final section, on potential actions that Europe can take, many of the measures described would need to happen at the level of the EU, ideally in collaboration and coordination with the other nations in the geographic region.

Many have been topics of long-running debates and come with major trade-offs, yet this diagnostic suggests revisiting the current stance on them. 12.

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Securing Europes future beyond energy: Addressing its corporate and technology gap. The rights and duties of shareholders must be reconstructed, must be understood and defined anew in the light of their function as financers of the undertaking.

The technology base built in ICT has spawned a range of transversal technologies that are spreading horizontally across most vertical sectors. Europe 30 weighted average by GDP; Eurostat data.

Gross exports have accounted for 11 percent of Europes GDP over the past five years; in the United States, the share is 7 to 8 percent. Discover the ease and convenience of having online access to your Raymond James accounts. Unless Europe catches up with other major regions on key technologies, it will be vulnerable across all sectors on growth and competitivenesscompromising the regions relatively robust record on sustainability and inclusionas well as security and strategic strength, hindering long-term resilience. Partner with Dentons in all aspects of securities transactions and regulation, corporate finance and capital markets. 11.



Europe overall has the highest life expectancy in the world: the EU-27 average is 80 years (80.3 for the EU-30); it is 79 in the United States and 77 in China. Please email us at: The Great Attrition is making hiring harder. 3.

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Corporate Europes long-standing weakness in tech is ever more evident in todays figures. But it will also require capability buildup by, and scaling of, European firms. ICT and other tech sectors have spawned a range of transversal technologies, which are spreading horizontally across sectors and determining competitive dynamics.

On growth and prosperity, Europe tracked other advanced economies sluggish growth of per capita GDP at a compound annual rate of 1.2 percent, similar to 1.1 percent in the United States, between 2000 and 2019. W1S 1JJ That is the topic of this article.

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Tech-consuming industries offer goods by leveraging a high level of capital.

| An additional 30 percent is driven by persistently large divides between different regions of Europe.

Countries that have experienced faster growth over the past four decades had lower market inequality in the 2010s.

To give just one example, Europe has been a leader in automotive but could become a laggard in autonomous driving.

The fall of the Berlin Wall marked the start of a period of economic catching up by economies in Central and Eastern Europe. These industries tend to make large investments in property and plant, have a large share of medium-skill labor, do not tend to focus on patenting, have a high share of tangible assets, and offer products focused on goods. shard london skyscraper tallest launched europe