180 degree compliance strategy

Discussed at a European Bank, to comply with Dodd Feank & FATCA: Step 1: stop trading with American banks Step 2: hand bank any investments from US persons Step 3:
November 8, 2012 - Editor
Category: Dodd Frank

Discussed at a European Bank, to comply with Dodd Feank & FATCA:

Step 1: stop trading with American banks
Step 2: hand bank any investments from US persons
Step 3: Wait for EMIR

Not surprising but implemented for real.

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