Foreign Account Tax Compliance Act (Fatca)
Regulatory Concerns For 2013
Next year promises to be a key time for clarifying regulations and figuring out just how they will affect and govern data management, especially Fatca
Further Fatca Hurdles
With 12 months left to prepare reporting capabilities for the Foreign Account Tax Compliance Act, entity classification is presenting serious challenges, and the effect of intergovernmental agreements has not become clear, writes Nicholas Hamilton
HSBC Exec: "Regulations Require 10 New Data Types"
Chris Johnson of HSBC Securities Services has identified 10 new types of data that will be required by upcoming regulations and says firms must start asking vendors for the data so they will have business cases to create appropriate products
Linedata Preps Mshare for Fatca, Swift MX Changes
In an effort to get ahead of changing regulations that are coming down the pike, Linedata has upgraded its Mshare investor accounting solution to be compliant with Fatca and the upcoming Swift ISO 20022 messaging format.
Mizuho Exec: "Asia Has Opportunity To Create Uniform Approach to Fatca"
The different approaches Asian countries have so far adopted towards the US anti-tax evasion regulation could cause operational complexity for firms in the region, but the postponement of the regulation has created a chance to agree on a consistent…
Erudine Financial Launches Data Management Software
The data services software provider, whose background is in the aerospace and nuclear energy industries, is applying its expertise to financial data supporting LEI, KYC and Fatca compliance operations
You’re Free to Have LEIs, But Not Free of Charge
The costs inherent in implementing the legal entity identifier and new regulatory measures may in fact be an investment in preventing more elephants from entering the proverbial room
Soc Gen Exec: "Fatca Is Having Considerable Impact On KYC And Reference Data"
US regulation is forcing firms to establish a more centralized view of their clients and the requirements are likely to mount, as governments around the world seek quid pro quo agreements in relation to the regulation, delegates have heard at the…
Fenergo Launches Fatca Self-Certification System
The vendor's web portal will help financial institutions manage the collection of forms their clients will have to fill in as part of the US anti-tax evasion regulation
The Wait Is Over
With key decisions about LEI standards now made and clearer definitions of Fatca and other regulations completed, Asian markets, especially Japan, can begin to respond. Michael Shashoua examines how the compliance challenges are stacking up
Ahead of the Compliance Curve
Michael Shashoua spoke with Royal Bank of Canada’s Patricia Huff about how Canada is preparing to comply with LEI and Fatca rules, and how her firm is keeping one step ahead in its efforts with technologies
Data Readiness Under Dodd-Frank
Inside Reference Data gathered a panel of leading industry experts to discuss the current state of regulation and standards readiness in the data industry. Dodd-Frank and the LEI loomed large in importance, as Michael Shashoua reports, but business…
Fatca Preparedness Remains Low, Survey Finds
Strapline: Regulation & Standards
ISITC Regulation Group Focuses on LEI
Strapline: Regulation & Standards
Framing a Client Onboarding Policy
Nicholas Hamilton discovers how global financial institutions manage different client onboarding requirements across jurisdictions and how effective management of the onboarding process can expand business
Data on the Move
Developments in regulation and standards such as Fatca and Solvency II, along with reference data needs identified by ISITC, are part of the reason why reference data is definitely not a stagnant part of securities industry operations in the year to date
Gaining Clarity on Data Search Parameters
Strapline: Regulation & Standards
If You Invest Offshore, They'll Tax You For Sure
Discussion of the Fatca tax regulation at the ISITC conference centered on whether the law makes the financial industry an arm of the US government and just how effectively it does so
Michael Shashoua: Selling Fatca Globally
Firms in the US and abroad are beginning to get a clearer picture of what foreign tax withholding regulation will look like, following the release of proposed rules under the law. Yet US regulators can expect varied levels of cooperation from other…
European Fatca Information-Sharing Could Spread
Strapline: Regulation & Standards
Has Fatca Arrived Stillborn?
US authorities have issued proposed rules for the Foreign Accounts Tax Compliance Act (Fatca) and reached agreements with European countries for their cooperation. But will the lack of business benefits and other key allies for enforcement make it…
Fatca Proposed Regulations Published
The Internal Revenue Service says it has taken into consideration the views of stakeholders while writing the proposed regulations for the Foreign Account Tax Compliance Act, which will impact the data management procedures of financial institutions…
Lingua Fatca
Strapline: Corporate Actions
Four Horsemen of Reference Data
Legal entity identifiers are being joined by bi-temporal data, Fatca and Target-2 Securities as major issues for firms to address this year and in coming years