Yasmine Chinwala (Financial News): So, who’s on the hook for Fatca?

Joshua Fine (BBH): Everyone is on the hook unfortunately. All the players in the financial chain have a role to play. The foreign financial institutions that have to enter an agreement are certainly going to be on the hook to comply with the terms of that agreement. I think the IRS and Treasury were careful to create deemed-compliant regimes, not safe harbours and carve-outs.