Unless companies are content to serve as fodder for future editions of the Consumer Financial Protection Bureau's (CFPB) Supervisory Highlights report and as the subjects of glowing CFPB press releases announcing eye-popping consumer recoveries and civil money penalties, they will finally make the investments that are necessary to effectively regulate their own conduct and to minimize the risks they pose to consumers.
This Top Ten provides some hints an investor and in-house counsel should keep in mind when doing business and dealing wtih Value Added Tax (VAT) in Slovakia.
A short article on retroactive invoice correction.
Credit funds are increasingly marketed to French insurance companies (entreprises d'assurance). Other similar institutions, such as contingency institutions (institutions de prévoyance) and complementary pension institutions (institutions de retraite complémentaire), also appear as an important source of debt financing. Learn more about this here.
With the AIFMD now in force, we thought it would be helpful to cover some of the questions we are frequently being asked across all of Ashurst's offices.
The Federal Reserve and the Office of the Comptroller of the Currency have issued extensive new guidance to financial institutions about the use of third parties to perform functions for the institution or company, or to provide products or services to their customers. If your company has a relationship with third-party service providers, then this article is a must-read.
The aim of this Guide is to provide you with basic information regarding the taxation of transactions taking place – or involving entities established – in a number of EMEA jurisdictions.
An informative article on third party disclosures.
As of July 2014, a new agreement between Canada and the United States will require Canadian financial institutions to implement procedures to share sensitive information about their US clients with the Canada Revenue Agency.
This primer focuses on the current regulatory regime applicable to banks in the United Kingdom and looks forwards toward the ring-fencing and other financial regulatory requirements of the Financial Services (Banking Reform) Act 2013.