Foreign Account Tax Compliance Act (Fatca)
LEI's Big Payoff
While the legal entity identifier is starting to produce value for data management operations, Fatca and BCBS 239 could follow suit in similar fashion
Fatca Drives Data Operations Changes
As a July 1 deadline approaches, it's become evident that the US Fatca tax withholding regulation has driven big changes in data collection and reporting, as the industry works to comply with the new tax withholding rules. Michael Shashoua reports on…
Markit to Increase Focus on Tax Services with CTI Acquisition
Markit's Michelle Trogni says the acquisition of the tax compliance software and services vendor will help her company to make tax "one of the cornerstones of the types of managed services that we offer"
BMO Capital Markets Chooses Fenergo for Fatca, Derivatives Compliance
Fenergo will complete the first phase of the implementation of its onboarding software for the Canadian investment firm on July 1, when Fatca comes into force
Shouldering Fatca Responsibility
The industry has the pieces necessary for effective systems and operations to comply with the US foreign tax withholding rules, but must figure out how to put them all together as the July 1 deadline nears
Fatca: Crunch Time -- Webcast
On May 28, Inside Reference Data hosted a webcast about US Fatca tax withholding regulation, in which four experts in the field discussed industry readiness for an impending July 1 deadline
Thomson Reuters To Monitor Fatca Grandfathered Instruments
The data provider will alert users if an instrument loses its exemption from tax withholding under Fatca as a result of one of six possible types of material modifications
OFR's Reed Sheds Light on LEI's Omission from Fatca
Matthew Reed, of the Office of Financial Research and Regulatory Oversight Committee of the legal entity identifier project, says the LEI was not ready when the Internal Revenue Service made key decisions about Fatca, but suggests it will be added in the…
NAFIS 2014 Live: Regulatory Landscape Challenges
Inside Reference Data editor Michael Shashoua reported live via Twitter on the first panel in the reference data stream of the North American Financial Information Summit on May 21
Fatca special report
May 2014 - sponsored by: Actimize, SIX Financial Information, Thomson Reuters
Avox to Double Staff, Addressing Regulatory, Risk Demands
Plans to take on more than 200 new members of staff at Avox's headquarters in Wales have been driven by demand for the company's existing services, rather than specific plans to create new offerings
Taxed By Collection
Fatca regulation tax withholding is almost here, and industry experts outlined the burden firms are preparing to bear in a recent SIX Financial Information-sponsored discussion. Michael Shashoua reports on the data considerations and methods raised
Swift's Neutjens Talks Progress For Utility Platform
Over the past year or more, Swift has made major strides in reference data services with its SwiftRef platform. Patrik Neutjens, the organization's head of reference data, speaks with Michael Shashoua about its accomplishments and the work ahead
IRS Fills In Fatca Details
The US Internal Revenue Service has issued a final form for filing under the foreign tax withholding regulation, completed more agreements with foreign entities to enforce the rules and extended a key registration deadline to April 12
Where We’re Going, We Don’t Need Roads
The tumult over Flash Boys continues to lead coverage, along with Fatca.
Fatca's Endgame
Firms are thinking about the ways and means of complying with Fatca foreign tax withholding rules, even with incomplete guidance and preparation, as a key July 1 deadline approaches
Fatca Fatigue Increasing, Experts Say
Banks getting tired of incomplete information and spiralling costs of Fatca, experts on the regulation told attendees at an event organized by Inside Reference Data and SIX Financial Information
Thomson Reuters Launches KYC Managed Service
Thomson Reuters has launched a central hub for know-your-client data to make it easier and cheaper for financial firms to manage their regulatory requirements
Thomson Reuters Unveils Managed KYC Service
Thomson Reuters has launched Accelus Org ID, a new platform to support financial institutions and their clients increase the efficiency and reduce the costs associated with complying with Know Your Customer (KYC) requirements.
SIX Readies Fatca Modification Monitoring
SIX Financial Information will go live with monitoring for material modifications that can make securities subject to Fatca rules, when compliance takes effect on July 1
Scotiabank Chooses Fenergo Onboarding System
The client data software provider's onboarding system uses a rules-driven process to classify Scotiabank clients affected by European Market Infrastructure Regulation, the US Dodd-Frank Act and the Foreign Account Tax Compliance Act
SIX Service Monitors Instruments Subject to Fatca Witholding
The data services provider will use its corporate actions processing capabilities to provide a constantly updated view of instruments that are in scope for tax withholding under the US Foreign Account Tax Compliance Act