IRS Unveils Comprehensive Guidance on Foreign Bank Reporting, Disclosure
August 31, 2010 in Banking Report · Leave a Comment
The Internal Revenue Service Aug. 27 unveiled eagerly awaited guidance on the implementation of the Foreign Account Tax Compliance Act (FATCA), which imposed a host of new requirements…
Basel Committee Bends to Bank Pressure, Issues Modifications to Basel III
July 28, 2010 in Banking Report · Leave a Comment
Bending to pressure from the world’s most powerful banks, the Basel Committee on Banking Supervision issues changes to its proposed…
Bank Regulators Release Guidance on Risks Posed by Correspondent Bank Relationships
May 4, 2010 in Banking Report · Leave a Comment
Federal financial regulators April 30 released interagency guidance on risks posed by correspondent relationships…
FDIC, Bank of England Sign MOU on Bank Resolution, Planning Cooperation
January 26, 2010 in Banking Report · Leave a Comment
The Federal Deposit Insurance Corporation and the Bank of England have signed a memorandum of understanding on expanded cooperation when the two bodies act…
2010 OUTLOOK — INTERNATIONAL BANKING: Financial Crisis, Cybercrime Push Cross-Border Harmonization Effort
January 26, 2010 in Banking Report · Leave a Comment
Increasing international pressure to harmonize regulation will be one of the thorniest issues to face bank regulators in the coming year. Even before the current world financial crisis, experts…
