the draft foreign account tax compliance act(fatca) regulations by the us treasury and irs will add to the burden of a raft of otherregulatory changes for australian financial institutions.according to ernst & young’soceania banking and capital markets leader, paul siviour, financial institutions are leftwith little choice even though complying with the proposed regulations will require significantlevels of investment in the face of stronger economic headwinds. siviour said that to minimisethe impact of the changes, australian financial institutions should begin preparing now toensure they are able meet the july 2013 compliance date.please contact us at big4@big4.com or (866) 690-5050 for advertising on this video orspecially featuring your news. also, post
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