BNY Mellon Exec Predicts 'Global Fatca'

Amy Harkins BNY Mellon

Expect the US Foreign Account Tax Compliance Act (Fatca) to spawn comparable rules in other countries, or a "Global Fatca" regimen, BNY Mellon data executive Amy Harkins told attendees of the Inside Reference Data briefing event sponsored by SIX Financial Information on June 19.

The Organization for Economic Co-operation and Development, an international government policy forum, and other relevant bodies, especially in Europe, are talking about a "Global Fatca," according to Harkins, a senior

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