Practical Approaches to Implementing OECD Common Reporting Standards 2015

Aligning automatic exchange of information across multiple regulatory jurisdictions and regimes

Why You Should Attend
This marcus evans conference brings together financial institutions from around the globe to tackle the practical challenges surrounding the implementation of CRS compliance. Detailed case study sessions will drill down into exactly how CRS differs from FATCA and how these differences affect your operations and implementation plans. Delegates will have the chance to see how their peers are finalising their due diligence projects and preparing for upcoming reporting challenges, and ensure that their implementation plans are on track, as well as get practical solutions to the operational issues that they face.

Described by one Head of Tax as ‘a world of pain’, the OECD’s Common Reporting Standards present an operational challenge to banks far exceeding that of FATCA. The difference which has the industry concerned is the volume and scale – with far more people and products in scope, financial institutions need to act now to ensure their reporting and due diligence programs are ready for the upcoming deadlines. There is also a desire to try and learn from the experiences of FATCA implementation and leverage the work involved.

Key Topics
Prudential consider what the regulatory landscape for tax reporting looks like
Barclays demonstrate how to manage multiple tax regimes at a global organisation
ABN Amro Clearing look at how to manage client relationships under CRS
BNY Mellon explain the implementation models being used in the industry