Foreign Account Tax Compliance Act (Fatca)
ISITC Europe Aims to Foster Fatca Collaboration
The industry body has established a working group to explore efficient ways of addressing common challenges created by the US anti-tax evasion regulation
Fatca Registration Portal Launched
The online portal firms must use to register their details, as part of the US Foreign Account Tax Compliance Act, is now operational
Stay On The Ball
HSBC Securities Services’ Chris Johnson has won the respect of his peers for his close analysis of how regulatory change will impact data management. Johnson tells Nicholas Hamilton why EMIR, Dodd Frank and Fatca need the most urgent attention and warns…
US Postpones Fatca Deadlines, Citing Need For International Agreements
Due diligence and tax withholding requirements of the US anti-tax evasion regulation have been postponed until July 1, 2014 to allow time for more countries to sign intergovernmental agreements with the US Treasury
FATCA Deadline Pushed Back, Buy Side Gets a Reprieve
The US Internal Revenue Service (IRS) issued a notice today saying that certain deadlines pertaining to the Foreign Account Tax Compliance Act (Fatca) have been delayed by six months, as rules around withholding and due diligence will move from January 1…
IRD's Editor on July Issue Features
Solvency II and Fatca regulation developments, along with the applications of metadata figure prominently in industry discussions reported in the July 2013 issue of Inside Reference Data
Where the Data Buzz Is
Data management developments and discussions breathed life into last month's Sifma Tech Expo.
Fatca Meets Metadata
Citisoft chief executive Steve Young proposes a metadata repository as a destination for data collected from various sources to be channeled into efforts to comply with the US Foreign Account Tax Compliance Act
Fatca-Fueled Shuffle
The US foreign tax collection regulation is beginning to drive firms to change data documentation and management procedures. Michael Shashoua audits the developments
BNY Mellon Exec Predicts 'Global Fatca'
Amy Harkins, a senior vice-president and managing director at BNY Mellon, points to discussions about a "Global Fatca" sparked by various nations' responses to the US foreign tax compliance regulation
Fox Swaps Interactive Data for Avox
Tim Fox has left Interactive Data to take up the role of product manager at Avox
Michael Shashoua: E.T.—The Extra-Territorial
Extraterritoriality, an idea that seemed alien at first, is rapidly increasing in importance for data management. Michael provides some explanations and considers how this concept may make an impact on multiple functions at financial services firms.
IRD's Editor on 'Extraterritoriality'
Reference data professionals are buzzing about "extraterritoriality," the concept of differences between jurisdictions or countries in how they handle new rules and regulations.
It's Not Easy Being Extraterritorial
The concept of extraterritoriality, the differences between national interpretations or iterations of rules and standards, requires firms to redefine it as being the ability to comply in all territories
UBS Exec Outlines Fatca Strategy
The bank's global head of client data policy and quality assurance told delegates at this week's North American Financial Information Summit that clearly defined data definitions and roles and responsibilities for data users are at the heart of its…
IRS Publishes Draft Fatca Registration Form
The draft of the form firms will have to complete as part of the Foreign Account Tax Compliance Act asks them to supply entity information and choose between four options to describe their status in relation to the US anti-tax evasion regulation
Michael Shashoua: Identification, Linkage and Risk
Efforts to get comprehensive views of reference data, driven by risk management needs and mandates, are taking different shapes. Michael classifies these into the straightforward and the more subtle.
Fatca's Final Version Eases Deadline, Maintains Data Burdens
The final regulations of the Foreign Account Tax Compliance Act have relaxed some deadlines and documentation requirements, but the data management challenges remain significant
Final Fatca Regulations Published In Federal Register
The final regulations provide clarity about what firms need to do to comply with the US anti-tax evasion regulation
IRD's Editor on Construction of Compliance Utilities
Inside Reference Data editor Michael Shashoua discusses management of data through compliance utilities for risk management purposes
Thomson Reuters Launches Fatca Product
The data vendor is helping clients comply with US anti-tax evasion regulations by supplying modules for client onboarding, self-assessment and reporting
Laying Compliance Foundations
With regulatory change looming large over the financial industry, Nicholas Hamilton finds out how extensible systems, best practices and good communication are helping firms to manage the uncertainty of evolving requirements and deadlines
Fenergo: Financial Institutions Lagging Behind on Fatca
Two thirds of financial institutions are struggling to complete the client identification process necessary for compliance with the Foreign Account Tax Compliance Act (Fatca), according to a new research report published by Fenergo.
Thomson Reuters Launches Fatca Compliance Suite
Thomson Reuters has launched a compliance suite to help firms to get in line with the US Foreign Account Tax Compliance Act (Fatca).