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Achieving Excellence in Reconciliation and Exception Management
Processing transactions in a context of increasing transaction volumes and regulatory pressure continues to represent a major operational and technical challenge for Financial Organizations.
Prime Brokerage Industry Developments
With the focus of many institutions to combine their clearing business within the Prime Brokerage infrastructure and to provide best of class technology and service levels, many investment managers are evaluating closely their choice of Prime Broker (PB). The winners will be the PBs that add maximum value to their customers whilst minimising their infrastructure costs. What will be the key differentiators impacting the client’s decision when choosing a PB?
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.