Many firms are "blissfully unaware" of their failure to achieve full compliance with requirements related to the automatic exchange of information (AEoI), a report says.
The report, titled Stop Playing With Fire, is based on an online survey conducted by Aberdeen Group and Sovos Compliance of 100 financial institutions that operate accounts for customers based in other countries. Firms all over the world are affected by rules for AEoI, notably the Foreign Account Tax Compliance Act (Fatca), the
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails