Tag: CP12/22
Update on Client Money
On 25 January 2013, the FSA published Policy Development Update Number 155 detailing forthcoming publications from the FSA on a wide range of issues. Among the client money related updates to be expected during the course of 2013 are: Policy Statement relating to Part 2 of CP12/22, introducing the concept of multiple client money pools within the CASS […]
Recent Developments Highlight the Importance of the CASS Resolution Pack
Introduction The FSA regards the protection of client money and assets (CASS) as one of the fundamental issues facing the financial services industry. The failure of Lehman Brothers and MF Global served only to force the subject of CASS compliance yet higher up the FSA’s list of priorities. Two recent events have brought CASS issues […]