Financial institutions adapt to tax transparency

January 28 2019

feb 19

Tax transparency initiatives such as the CRS, AEOI and FATCA, and the upcoming mandatory disclosure rules, are having a profound impact on the operations and IT infrastructure of financial institutions (FIs) worldwide. Ronald Frey, chief product officer of the RegTech product unit within BearingPoint, discusses how these are creating trends towards data alignment and centralisation, and are changing the role of FIs and wealth managers in cross-border tax reporting.

Unlock this content.

The content you are trying to view is exclusive to our subscribers.

To unlock this content:

Take a Free Trial or Login

Topics

Poland Portugal Philippines Qatar United States Oman Paraguay Peru Pakistan Panama Slovenia Armenia South Africa Singapore Antigua and Barbuda Argentina Slovak Republic Australia Romania Albania Russia Angola Serbia Algeria San Marino Saudi Arabia Andorra Monaco Mauritius Mexico Morocco Mongolia Montenegro Malta Malaysia Nigeria Netherlands Antilles New Zealand Feature Norway Myanmar Netherlands Mozambique Latvia Kuwait Laos Lithuania Luxembourg Lebanon Liechtenstein Kenya Kosovo Israel Italy Isle of Man Jersey Jordan Jamaica Japan Kazakhstan Global North Macedonia Gibraltar Greece Georgia Germany Guernsey Gulf Cooperation Council Greenland Guatemala Honduras Hong Kong SAR India Indonesia Hungary Iceland Ireland Iran Iraq Cuba Curaçao Chile Direct Tax Chad Costa Rica Croatia China Colombia Compliance Management France Denmark Ecuador Cyprus Czech Republic European Union Finland Egypt Estonia Tunisia Belize Tanzania Barbados Belgium Thailand Austria Spain Azerbaijan Sri Lanka South Korea Bahrain Switzerland Bangladesh Taiwan Sweden Bahamas Canada Venezuela Vietnam Cayman Islands Bolivia Bosnia and Herzegovina Uganda Turkey Bermuda United Arab Emirates Bulgaria Cambodia Uruguay Brazil United Kingdom Ukraine British Virgin Islands ITR Magazine February 2019 Africa Asia-Pacific Europe Latin America and Caribbean Middle East Central America Jurisdictions

more across site & shared bottom lb ros

More from across our site

Indirect Tax

nitin argawal resized.jpg

ITR Award Winner Series: Nitin Agarwal, Majid Al Futtaim

Corporate counsel should combine deep technical knowledge with strategic dynamism, says Agarwal, winner of ITR’s EMEA In-house Indirect Tax Leader of the Year award

October 08 2025

Direct Tax

Luxembourg tax

Luxembourg’s tax policy 2025: delivering the coalition’s mandate for competitiveness

Luxembourg’s reform agenda continues at pace in 2025, with targeted measures for start-ups and alternative investment funds

Jean-Dominique Morelli , October 07 2025

Direct Tax

A&M Tax hires five ex-EY partners for new corporate practice

Veteran Elizabeth Arrendale will lead the new advisory practice, which will support clients with M&A tax structuring, post-deal integration, and more

Tom Baker, October 06 2025

Direct Tax

WhatsApp Image 2025-10-02 at 09.39.44 (1).jpeg

OECD victim of own success with MAPs: tax certainty co-head

MAP cases keep increasing, and cases closed aren’t keeping pace with the number started, the OECD’s Sriram Govind also told an ITR summit

Sam Sholli, October 06 2025

Direct Tax

ITR awards EMEA 2025

A taxing week: In defence of directories

Nobody likes paperwork or paying money, but the assertion that legal accreditation doesn’t offer value to firms and clients alike is false

Tom Baker, October 03 2025

Direct Tax

handshake

This week in tax: US tax firm Ryan acquires stake in India’s Dhruva Advisors

Ryan hopes the buyout will help it expand into Asia and the Middle East; in other news, three German finance ministers have called for a suspension of pillar two

Sam Sholli, October 03 2025

Direct Tax

High court 2000.jpg

Danish tax authority loses £1.4bn UK fraud case

SKAT, which was represented by Pinsent Masons, had accused Sanjay Shah and other defendants of fraudulent dividend tax refund claims

Tom Baker, October 02 2025

Transfer Pricing

TP Europe 2025 business restructuring panel

TP success requires tight internal relations, in-house experts say

TP managers must be able to explain technical issues in simple terms, ITR’s European Transfer Pricing Forum heard

Tom Baker, October 02 2025

Indirect Tax

This month in indirect tax: Baker McKenzie client fails in UK Supreme Court VAT appeal

Prudential had challenged HMRC over VAT group relief; in other news, Donald Trump unveiled timber and wood tariffs, and the European Commission published a ViDA implementation strategy

Sam Sholli, October 01 2025

Direct Tax

Washington DC Capitol view on cloudy sky background

US tax coalition petitions Treasury, defends Australian CbCR

Australia’s CbCR rules have ‘widespread support’ and do not put American companies at a competitive disadvantage, the FACT Coalition said

Tom Baker, September 30 2025