Financial Services news
The latest news from the financial services industry
[Banking] PRA cross-firm review of COREP returns
[Financial Services] - The implications of Brexit
Although it only recently became clear that the British people had voted to leave the EU, the implications of that decision are already being felt in the financial markets and the financial services industry.
[Banking] - Infographic: Financial reporting by Iranian banks
[Asset Management] German rules on tax credits
[Banking] European Union audit reform - Tax implications
[Banking] The Common Reporting Standard is now live
The Common Reporting Standard (CRS) went live in the UK with effect from 1 January this year. In the brave new world that we have now emerged into, all UK-based financial institutions (FI) (including banks, funds and insurance companies, as well as UK branches and subsidiaries of overseas FIs) should have implemented new on-boarding procedures to capture the tax residency of their customers, together with the information that will need to be reported to HMRC.