FATCA for Small Banks – Breakfast Briefing

British Bankers’ Association

04/15/2013 08:20 a.m. - 11:10 a.m.

Corporate Finance | Capital Markets, Banking + Financial Services, Financial Institutions + Financial Services, Federal Tax, Taxation | Europe, and Financial Institutions | Europe

British Bankers Association
Pinners Hall
105-108 Old Broad Street
London, EC2N 1EX
United Kingdom

Sonia Girgis

Sonia Girgis

Speaking Engagement

Joseph Marano
(212) 336-4316

The U.S. Foreign Account Tax Compliance Act (“FATCA”) will take effect from January 2014, making substantial changes to information reporting and compliance requirements for offshore accounts. Compliance with the new FATCA regulations will require significant changes to current processes and procedures, which will be particularly challenging for small banks.

This focused briefing will enable small banks to effectively address FATCA's most critical challenges before the rules take effect in 2014. It will provide an update on the regulation and clear guidance on what compliance involves.

Topics on the agenda include:

  • Introduction to FATCA;
  • Summary of the U.S.-U.K. Intergovernmental FATCA Agreement;
  • Update on key timelines and priorities for the next 12 months;
  • Implications and challenges for small banks;
  • Putting FATCA into practice; and
  • What small banks need to do to be FATCA compliant.


  • Thomas Humphreys, Morrison & Foerster LLP
  • Sonia Girgis, Morrison & Foerster LLP

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