From Global Regulation & Policy

The Corporate Services Industry- Confidence in The Midst of Uncertainty

It’s clear that the ongoing adjustment to globalisation is creating political pressure for governments to feel the need to redefine their role in business. Governments are asserting themselves by establishing rules for businesses – Common Reporting Standards (CRS), central registry of BO, global tax accounting standards, etc. – all demonstrate that governments are trying to catch up to businesses in becoming truly global. And although these regulations may be unsettling to the industry, the situation also provides a prime opportunity to use these policy measures, that were once considered threats, to instead legitimise the industry in the public opinion.

The International Regulatory D…