Fatca, UBS and the rest of the Top 10 Risks

New year, new danger

Alexander Campbell

The new year will bring some dramatic changes - few of them good news for operational risk managers. The US Foreign Account Tax Compliance Act (Fatca), originally set to come into force at the start of 2013, has been delayed - but this isn't seen as positive by much of the industry, who complain that the advantage of having more time to comply is outweighed by the increased uncertainty and disruption. Our Fatca special report looks at this and other problems surrounding the most controversial