Preparing for CASS Oversight Responsibilities

London Governance and Compliance Academy

Short course

Online

£ 450 + VAT

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Description

  • Type

    Short course

  • Level

    Intermediate

  • Methodology

    Online

  • Class hours

    3h

  • Duration

    1 Day

The Financial Conduct Authority (FCA) deem the CASS Operational Function as an important role because the treatment of the client money and assets impacts the way the firm conducts its business. The CASS Operational Oversight Certification Function covers oversight of the operational effectiveness of a firm’s systems and controls for client money and assets.

Since 2010 the Financial Conduct Authority (FCA) has made the protection of Client Money and Assets (CASS) a priority. Supervisors, Managers and Team Leaders are to achieve and maintain a level of competency to be able to demonstrate they have the necessary skills and expertise required to carry out their CASS responsibilities or CASS oversight activities without supervision.

This seminar will provide delegates with an overview of the regulatory requirements and assess what these requirements practically mean for firms.

About this course

Executives and employees of FCA-regulated financial services firms

No prerequisites to enroll in this course are in place

Yes, LGCA offers an array of advance programmes on the subject

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Subjects

  • Financial
  • Financial Training
  • Financial Services
  • Asset Management
  • Financial Compliance
  • Finance Market
  • Investment Funds
  • Investment
  • Compliance
  • Compliance Management

Teachers and trainers (1)

Vivienne Bannigan

Vivienne Bannigan

Financial Services Professional

Vivienne is a financial services professional with over 20 years’ experience in regulatory and operational risk in the United Kingdom, Europe and internationally. Vivienne has held various roles across several organisations including the Financial Conduct Authority (FCA), Royal Bank of Scotland and UK Finance. Vivienne has worked in wholesale policy covering the Market Abuse Regime, Markets in Financial Instruments Directive (I & II), Securities lending, Client Money , Transaction Reporting and mentoring her colleagues along the way.

Course programme

This course will cover the following:
  • Define the IOSCO principles applicable to firms and their regulators which relate to the protection of client assets;
  • Illustrate the FCA Principles and Objectives for CASS protection;
  • Present the roles and responsibilities of the firm, specifically the part of the client asset officer and the Board;
  • Identification of the critical challenges of implementation and how to address operational risks arising;
  • Examine regulatory reporting requirements including due diligence, client money and asset report, CASS audit, the CASS Resolution Pack;
  • Explore what meaningful management information and oversight is required for board assurance specifically in relation to the management of breaches;
  • Summarise examples of FCA CASS enforcement and FCA CASS Resolution Pack Visits; and
  • Explain the scope of rules and guidance including cross-jurisdictional impacts.

See related categories

Preparing for CASS Oversight Responsibilities

£ 450 + VAT

The best Banking and Financial Services courses

See all

See all