Automation seems to be something of a theme this year. Fans of
US alternative rock band REM, for instance, could have been excused
for getting excited when it was announced a few months ago that a
25th anniversary edition of album Automatic For The People would be
released in 2017.
Closer to home, and automation has been something of a theme too
– in particular there's plenty of talk within the
financial services industry about the impact of automatic exchange
of information under the OECD's Common Reporting Standard
(CRS). And as far as that's concerned, it's certainly not a
case of 'everybody hurts' or 'rapid eye movement'
for Jersey firms.
In fact, September 2017 marks another milestone in the fairly
lengthy implementation process for CRS globally, but not one that
should be overly burdensome for Jersey. Firms here have been
collating information for clients under the terms of CRS from
the beginning of this year, and as from this month, they will
be exchanging
