Foreign Account Tax Compliance Act (Fatca)
Michael Shashoua: The Way of the World
With respect to the spread of US and Euro-centric data management systems, as well as regulation to other regions, Michael points out that the difficulties in translating new standards and laws could highlight cultural differences that service providers…
World Wide Wedges
While service providers seem to be able to leverage clients with global footprints, the inter-governmental difficulties encountered with Fatca tax law implementation sound a note of caution for their efforts
Fatca special report
December 2013 - sponsored by: Avox, a DTCC Company, Noetic Partners, SIX Financial Information
IRD's Editor on Data Management Collaboration
Pricing transparency and regulatory compliance efforts share a common thread: the need for collaboration.
Why Collaboration Is Key
Quality data management—taking on challenges as varied as centralizing data, bridging data gaps, regulatory compliance, establishing identifiers and more—all depends on promoting functional collaboration.
Entities and Data at Fatca's Crossroads
Heading into 2014, registration systems for compliance with the US foreign accounts tax law are ramping up, and the specifics of how Fatca will govern are starting to be filled in. Michael Shashoua surveys the remaining knowns and unknowns
Michael Shashoua: Communication Breakdown
While it might have seemed that the US Fatca foreign tax compliance regulation was not getting adequate attention from firms required to comply, Michael says it now appears as though the regulators are failing to devote enough attention to its specifics…
Fatca Fault Lines
The financial services industry is asking for more specificity from US Fatca foreign tax collection rules, even as some in the industry say they're not moving quickly enough to meet mandated deadlines
Less Reverence For 'Grandfathers' Possible From Fatca
The US foreign account tax rule, scheduled to take effect July 1, may mean changes to previously exempt securities are more likely to put them under the scope of the rule, according to a data services provider working on a means to monitor the effect of…
Opening Cross: When You Look East, Look Up and Look Out
Regulation dominated the agenda at last week's Asia-Pacific Financial Information Conference. But is the region ready for the data management implications of new global and regional requirements?
IDC Adds Data on Fatca Withholding Obligations
The data and pricing vendor is helping clients prepare for the US anti-tax evasion regulation by identifying instruments that are generating US-sourced income
Sandell AM Taps SS&C GlobeOp for Fund Admin, Form PF/Fatca Compliance
Sandell Asset Management, which manages $750 million, has selected SS&C GlobeOp to provide fund administration services.
SIX's Raskin on Fatca, Solvency II at WFIC 2013
Barry Raskin, managing director at SIX Financial Information, discusses the challenges of monitoring which assets are in scope for reporting under the US Foreign Account Tax Compliance Act and offers advice on managing uncertainty surrounding Solvency II…
Oddo Chooses CounterpartyLink for KYC Data
The entity data vendor will provide the French asset management firm with data needed for its know-your-customer processes, including references to supporting documentation from primary sources
IRD's Editor on Centralization
Michael Shashoua points to several areas of data management where centralizing data is becoming prevalent
ISITC Works To Manage Fatca Compliance
With less than a year until Fatca comes into force, Nicholas Hamilton speaks to Paul Wiltshire of ISITC Europe about how the trade association dedicated to improving operational efficiency can help the industry prepare for the US anti-tax-evasion…
Michael Shashoua: Focusing on Fatca’s Readiness
The US Fatca foreign tax compliance regulation has received significant recent attention, although not because firms falling under its purview are ready to comply with its requirements. Michael says it’s time to turn that attention into action and…
IRD's Editor on Fatca's Effects on Data Operations
Inside Reference Data editor Michael Shashoua updates developments with Fatca tax regulation and how that will affect data operations
Raising Fatca Stakes
Data operations necessary for compliance with the US foreign accounts tax law, even with a delayed deadline, still need a lot of work, Michael Shashoua reports. Firms are considering the structure of their data repositories and approach to client…
Use AML Tech to Support Fatca Compliance, says Fiserv's Dekker
Jeroen Dekker, senior product manager, financial crime risk management, risk and compliance solutions at Fiserv speaks to Waters at Sibos 2013, in Dubai.
Don't Delay, Do Fatca Compliance Today
Experts on the US Foreign Account Tax Compliance Act (Fatca) spot hurdles including governments' agreements, data security and incomplete parts of the rules, but say that shouldn't delay anyone from getting prepared
The Impact of FATCA on Data Operations -- webcast
Inside Reference Data gathered leading industry experts for a webcast on September 6, 2013 to discuss how firms are managing the data demands created by Foreign Account Tax Compliance Act (FATCA) and the initiatives being implemented to ensure compliance.
XBRL's Fatca Benefits
The US foreign tax law creates a high volume and complexity of data needed for compliance. Frederic Chapus, of shareholder documents and communications company RR Donnelley, calls Belgium’s use of the XBRL standard a useful example of what to do