An American financial watchdog has been warned that classifying US asset managers as 'systemically important financial institutions' could seriously impair the growth of Asia's funds industry.
Tag : karl egbert
The US has offered foreign institutions some relief by extending its deadline for Fatca compliance. But uncertainties remain, with a buyside counsel warning against complacency.
Despite initial pushback, China would seem to have little choice but to comply with the US’s far-reaching tax laws come next summer, say industry observers.
