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FATCA: An Overview
In March, 2010, the U.S. Treasury enacted the Foreign Account Tax Compliance Act (FATCA), requiring financial institutions to enhance their due diligence processes and be able to identify US individuals or legal entities that have invested in non-US financial accounts or non-US entities to prevent those US individuals or entities from hiding assets and income abroad. This Point of View explains the importance of aligning all the key stakeholders across the entire organization (Legal, Tax, Operations, Risk, Technology) in order to successfully comply with FATCA, and explores the key challenges and opportunities deriving from this regulatory evolution.
The SEF way to bank revenues
Banks are gearing up to explore new revenue opportunities from Swap Execution Facilities (SEFs) and Organised Trading Facilities (OTFs). With OTC derivatives clearing now established, electronic trade execution has become a priority and will soon be mandated under Dodd Frank and MiFID regulations. First movers can seize market share via providing deep liquidity to the newly fragmented market and winning business with best pricing, in order to offset the new costs of clearing and regulatory reporting.
Asia Fixed Income Markets (in partnership with Broadridge)
The balance of power is shifting East and Asia is the key growth market for fixed income. Our point of view explores the drivers for this market development and the challenges and opportunities that exist for current players and new entrants to expand their product offering. The time to act is now and technology will play a key role in reaping the benefits.