Monique Melis
Managing Director
Compliance and Regulatory Consulting
London
Monique MelisWhilst the principles embodied within the FCA’s Client Assets (CASS) Sourcebook are relatively mature and broadly understood, firms continue to put clients’ assets at unacceptable risk by failing to implement robust protection arrangements. Therefore, the protection of client money and safe custody assets remains a key priority for the FCA as the financial services industry develops more robust arrangements and controls.
Weaknesses in firms’ client asset systems and controls can cause serious financial detriment to customers and counterparties, as well as reputational damage to the firm and the financial markets.
How Duff & Phelps Can Help
Our experienced team comprises professionals with operations, compliance, regulator and audit backgrounds who are able to provide a range of support from a review of your CASS arrangements and training to providing bespoke advice on technical matters and assistance with the delivery of the regulatory change.
We are able to adapt our approach to meet your requirements, offering timely and cost-effective solutions in line with regulatory requirements and best i industry practice. In the UK, we are members of the TISA Client Assets Technical Committee and Client Assets Best Practice Working Group and have been appointed to the Skilled Person Panel for Client Assets.
Our bespoke reviews are tailored to your specific needs and concerns. They enable you to gain confidence that you have a fit for purpose, robust CASS framework in place, thus minimizing the risk of regulatory investigations or subsequent sanctions and enforcement.
Our Services
Transparent valuations of illiquid investments and complex securities and liquidity solutions through secondary market transactions.
Alternative Asset AdvisoryAudit of FCA SYSC 4 and SYSC 6 and 7 compliance and risk requirements.
Audit of Compliance and RiskBespoke compliance training for FCA authorized firms.
Regulatory and Compliance TrainingExpert analysis to help clients understand, prevent and manage fraud.
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