2020 has given us some unexpected priorities and much altered working patterns. Against this we still need to focus on the expectations of the regulator.
With new ways of working come new challenges. Keeping the constant flows of cash and assets identified, segregated, reconciled was challenging enough in the office, let alone with our own and our third-party partners working remotely.
This session does not seek to teach the rules of the CASS handbook. Instead, it is designed to consider our existing practices against a changing environment in terms of Covid-19 impact, revised Audit standards, SMCR implications and ongoing regulatory comments based on FCA’s assessment of firms.
The focus will be on how we implement effective operational oversight of our handling of clients’ assets. What controls do we need in place, how can we monitor their effectiveness, and how do we ensure we are seeing the true picture while making it visible to those with senior management responsibility for the firm.
The session will be of primary interest to those involved in CASS operational oversight and those taking on more responsibility in this area, as well as senior managers wanting to understand what reasonable steps to ensure compliance looks like. It may also benefit those wanting to understand the regulatory viewpoint and how it relates to operational activity as well as those in monitoring and testing, risk or audit-type roles.