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FATCA – 6 basic concepts you need to know

Posted on by aldopuch

By Stanley Epstein, Eureka Financial The United Sates’ Foreign Account Tax Compliance Act (FATCA) was written into law in March 2010 and became operative on 1 July 2014. The objective of the legislation was to ensure that United States taxpayers … Continue reading

Posted in Banking Operations, Banking Regulations, FATCA, Financial Markets, Private Banking, Regulation | Tagged , , , | Leave a comment

Understanding Corporate Governance

Posted on by aldopuch

By Stanley Epstein, Eureka Financial Not so long ago a successful company was simply one that was profitable. How that company was managed, the ethics of its owners and management were simply of no interest or consequence to the public … Continue reading

Posted in Business Management, Corporate Governance, Regulation, Training Dubai, Training London | Tagged | Leave a comment

Exploring GATCA – The Global FATCA

Posted on by aldopuch

By: Treasury Insider Last month, the Foreign Account Tax Compliance Act (FACTA) came into effect, forcing overseas banks that accept US payments to disclose account information to the IRS or face 30% withholding tax. The OECD has now introduced Automatic Exchange of … Continue reading

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The real cost of FATCA implementation

Posted on by aldopuch

By: International Adviser FATCA was implemented worldwide at the beginning of this month, but the impact (and costs) are only now just beginning to filter through to the financial services community. (…) The UK Government estimates it will cost UK … Continue reading

Posted in Banking Regulations, FATCA, Financial Markets, Payments, Private Banking, Regulation, Wealth Management | Tagged , , , , | Leave a comment

Are you ready for FATCA?

Posted on by aldopuch

  FATCA came into effect on 1st of July requiring foreign banks to report their offshore accounts. To facilitate an orderly transition the United States IRS will refrain from rigorously enforcing many of the requirements during 2014 & 2015, as … Continue reading

Posted in Banking Operations, Banking Regulations, FATCA, Operational Risk Management, Payments, Private Banking, Regulation, Training London, Wealth Management | Tagged , , , , , , | Leave a comment

New enhanced solution for FATCA by Thomson Reuters

Posted on by aldopuch

By: Market Watch  Thomson Reuters announced today enhancements to its Foreign Account Tax Compliance Act (FATCA) Grandfathered Obligations (GO) solution to include material modifications flags. The new material modifications feature will help financial institutions, including custodian banks, better determine the … Continue reading

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Switzerland moving towards tax transparency

Posted on by aldopuch

By FT.com Switzerland, one of the world’s largest offshore financial centres, has agreed to exchange tax information automatically with other countries, in a significant breakthrough in the international crackdown on evasion (…). The move is a big step forward for … Continue reading

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Corporate governance becoming key consideration for China PE industry

Posted on by aldopuch

By: privateequitywire.co.uk The quality of investments is becoming more important for the private equity industry in China, according to a joint study from Deutsche Borse and CMS Hasche Sigle. As a result of the slowing Chinese economy, of closed IPO … Continue reading

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Tougher measures on capital requirements proposed by the regulators

Posted on by aldopuch

By: FT.com Global regulators on Thursday proposed new measures to toughen up the regime that governs capital requirements for banks’ trading books. The Basel Committee on Banking Supervision issued a consultation paper proposing that banks use a standardised approach to determine … Continue reading

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Technologies required to improve (ORM) Operational Risk Management

Posted on by aldopuch

Thompson Reuters published an interesting report available on Risklibrary.net discussing the specific technologies required for firms to improve their ORM processes, including ORM platforms, policy and procedure management, regulatory change management, and real-time risk intelligence. Defining ORM scope Operational risk is … Continue reading

Posted in Banking Operations, Banking technology, Operational Risk Management, Regulation, Risk Management | Tagged , , , | Leave a comment
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