Share these talks and lectures with your colleagues
Invite colleaguesPractice paper
The Client Assets Sourcebook (CASS) journey
Journal of Securities Operations & Custody,
10
(4),
315-320
(2018)
Abstract
Ten years on from the financial crisis and the subsequent collapse of Lehman Brothers, the focus on Client Assets Sourcebook (CASS) has not waned — in fact, it remains high on the regulatory agenda. Why is this the case? Why is CASS not perceived to be a well-embedded regulation, and why does it continue to draw attention? If it was, surely PS14/9 (Review of the client assets regime for investment business) and the Financial Reporting Council’s (FRC) enhanced assurance standard would not have materialised. So what really has changed and what CASS challenges can firms expect to face in the latter half of 2018 and onwards into 2019?
Keywords: CASS; compliance; regulatory reporting; regulation; data management; financial control
The full article is available to subscribers to the journal.
Author's Biography
Gillian Boston qualified as a chartered accountant in London and has spent over 20 years working in the financial services sector. She specialises in statutory and regulatory reporting, governance and compliance. Gillian led a number of finance and regulatory teams, before returning to her roots as an auditor, heading a financial services portfolio for audit and regulatory compliance. Gillian brings her knowledge and expertise to AutoRek in her capacity as Head of Business Consulting.
