18 January 2019
Partner | Regulatory compliance and CASS SME | London
Senior Manager | Financial Services | London
Overview of the CASS Audit standard call for feedback
One size rarely fits all well…
The FCA published its Senior Managers and Certification Regime (SMCR) near final rules on 4th July 2018, which mainly confirms its proposed rules released last summer. In these new rules, the FCA has introduced a new Prescribed Responsibility for firms’ compliance with CASS which will require firms to reflect on the interaction of roles and responsibilities between the “CASS Prescribed Responsibility” (to be allocated to a Senior Manager) and the significant-harm “CASS Oversight function” (certified function).
Across banks, custodians, asset and wealth managers, many of our clients have recently invested significant time and effort building CASS Toolkits to meet the Financial Reporting Council’s...
Baringa’s 2017 CASS survey highlighted that those CASS firms surveyed intend to continue with their focus on CASS training and culture, but why is this focus so pervasive?
As the seasonal break is very nearly upon us, it may be worth taking stock; reflecting on any significant changes experienced throughout the course of 2017, and identifying your CASS priorities for...