Client Assets - CASS

There is increasing internal and external stakeholder pressure on financial institutions to put client asset protection at the heart of their business objectives. Our experienced team  combines deep regulatory technical insight with experience from industry experts to support companies in achieving this vital goal.

We work with a wide range of financial institutions from incumbents in the capital, retail and wealth management sectors to insurance brokers and FinTech disruptors, such as crowdfunding and peer-to-peer platforms. 

Our approach focuses on the core principle of the client assets protection regime, which ensures the appropriate segregation of client assets, in the event of a firm’s insolvency and returning them to customers without undue delay.

We work with our clients to develop a tailored scope of their specific requirements. Examples of typical projects and areas of focus include:

• FRC CASS Assurance Standard – external audit services
• ISAE 3000 Assurance over CASS Internal Controls
• FCA regulatory visits and review*Business acquisition, disposal and consolidation support
• Regulatory change (e.g. post-Brexit passport changes, responding to FCA driven changes)
• Operating model and internal controls review and gap analysis