The CRS and its impact on the financial services industry

October 27 2015

The combatting of cross-border tax evasion is a priority for governments and the automatic exchange of taxpayer information between countries is now seen as fundamental to addressing it. It is out of this objective that the Common Reporting Standard (CRS), which facilitates the automatic exchange of information (AEoI) at a global level, has evolved. Mariano Giralt, Chris Mitchell and Bronwen Noble of BNY Mellon assess the impact of these initiatives on the financial services industry.

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

more across site & shared bottom lb ros

More from across our site

Direct 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

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

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

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

Direct Tax

Multiple firms advise on Grant Thornton unification deal

Baker McKenzie advised two of the member firms involved, while several advisers provided transaction counsel to US-based Grant Thornton Advisors

Sam Sholli, September 30 2025