It is widely assumed that the expense of Financial Transaction Taxes is simply that of the tax itself, but in reality the processes financial firms need to comply with them can be even more costly
Can CSDR become a revenue driver?
CSDR is an onerous regulation with the potential for tier one banks to quickly rack up fines. But it is also an opportunity to centralise settlement processes and even to drive new revenue sources
US research houses pondering MiFID II compliance at home
The research unbundling measures contained in MiFID II are already impacting US investment research firms, creating a dilemma for the SEC over what approach it should take on its home turf
Banks ignoring tax issues due to regulatory compliance preoccupations
Banks have not been paying enough attention to tax issues, particularly with speculation over the launch of an EU-wide financial transaction tax (FTT), due to focusing so many resources on keeping up with a flood of new regulations. This could lead to problems.
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