Supporting CASS Assurance Oversight

The London Governance & Compliance Academy is excited to announce the below upcoming 3-hours Online LIVE Course that will provide you with practical knowledge and in-depth understanding on this specialised subject.

Date and time: Aprial 19th, 2021 at 9:00am to 12:00pm  

BACKGROUND 

Increased consumer detriment can arise when authorised firms default or exit the market. Poor records and ineffective segregation procedures create a slower, costlier and more uncertain outcome for the customer and associated reputational damage to the Financial Conduct Authority (FCA) and United Kingdom financial markets.

This risk is increased during a recession or uncertain economic climate.

Since 2010 the Financial Conduct Authority (FCA) has made the protection of Client Money and Assets (CASS) a priority. The intensive and intrusive regulation allows the regulator to enforce hefty fines on the industry for the lack of appropriate management and oversight.

CASS implementation is fundamental to maintaining integrity, protecting consumers and ensuring that reputational risk of a lack of management oversight is mitigated.

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

LEARNING OBJECTIVES 

This course will cover the following:

• Explaining Regulatory concerns regarding client money and assets in respect of insolvency and their relevance to European market integrity;

• Summarise the high-level requirements for Safeguarding of client money (CASS 7) and client assets (CASS 6);

• Present an assessment of the practical implications of your firm’s CASS Responsibilities including identification, segregation, maintaining records and controls and performing reconciliations;

• Examine regulatory reporting requirements including due diligence, client money and asset report, CASS audit, the CASS Resolution Pack;

• Identification of the key challenges of implementation and how to address operational risks arising;

• Examine risks associated with third party agreements; service level agreements and management information;

• Demonstrate practical examples from National Competent Authorities (NCAs) enforcement and case studies; and

• Discuss the role of the regulator and the FCA’s specialist Supervision approach to the protection of CASS.

SCHEDULE  

	Day-1:	April 19th, 2021
	Time:	09:00am to 12:00pm
	Duration:	3 hours
	Price:	£450 + VAT

WHO IS VIVIENNE BANNIGAN 

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. Vivienne designed and implemented training and communications to support programme delivery, including the Markets in Financial Instruments Directive and Client Money and Assets. Vivienne holds various qualifications including an M. Econ. Sc. in European Economics and Public Affairs. Vivienne is an accredited Dispute Resolution Mediator and is completing an MA in Community Psychology at the University of Brighton. Vivienne is passionate about sailing and supporting individuals to achieve their potential while at the same time, creating an environment that is professional, practical and participative.

WHO SHOULD ATTEND

This workshop will be of benefit to anyone who is likely to be affected by any upcoming changes regarding Safeguarding of Client Assets, including senior management, legal, compliance and those employees at the coalface.

WORKSHOP STYLE AND TIMINGS

This online workshop is designed to be participative throughout. The agenda will combine key formal presentations, case studies and syndicate discussion sessions. There will be ample opportunity for delegates to benchmark experiences with industry peers and raise issues of most concern to their organisation, either confidentially or in open session.