Webinar: CRS – Status Quo and the Way Forward

An Industry Review of CRS Implementation

In the last few years, over 130 jurisdictions have begun reporting on the OECD Common Reporting Standard (CRS). With a robust and effective CRS framework now in place, we take time out to reflect on the progress, current challenges and what the future holds for this tax reporting regime across markets. The goal was to increase the fiscal transparency of cross-border wealth management and combat offshore tax evasion. However, CRS has kept financial institutions really busy and being compliant with CRS requirements means a major increase in reporting requirements for financial institutions. 

So, what is the status quo of the tax transparency initiative? What are the challenges that new joiners are facing? And looking retrospectively, how successful has the CRS been so far? Are there specific learnings from the past years which can be shared with new joiners when it comes to software or project management? Are there best practices of implementing CRS requirements together with other compliance practices?

These are some of the questions we addressed in our complimentary webinar "CRS – Status Quo and the Way Forward" in partnership with Connect Global Group. The RegTech expert panel with representatives from CITIC CLSA Group, Nomura, Standard Chartered and Regnology discussed:

• The Status Quo of CRS across the APAC Region
• CRS Success Rate and expectations for any new joiners
• Learnings in the recent years - from project management to software support

• CRS, Compliance Best Practices and the way forward

Webinar Speakers: