Counting On Convergence: Why Regulatory Cooperation May Not Have Peaked

Vistra's latest survey of 620 corporate services executives suggests some are expecting international alignment on tax, transparency and substance regulations to wane in the year ahead. But given that shared interests still exist, particularly between Europe and the US, has regulatory cooperation really peaked?

A wave of tax, transparency and economic substance regulation has transformed the corporate services industry over the last decade, subjecting global financial centres to increasingly more robust rules.

After the global financial crisis (GFC), the interests of the US and the EU aligned to drive greater transparency into private and corporate clients' financial activity, and to address a perceived tax gap.