Complimentary Webinar June 21st 2012 (10am EST/3pm BST)
The CASS RP October 1st deadline is fast approaching. In a webinar, an expert offers background into the CASS Resolution Packs rules and explains the challenges of creating and maintaining CASS packs in a time when resources are limited.
Post-financial crisis, the protection of client assets is a priority for both international and national regulators. The UK Financial Services Authority (FSA) has introduced Client Money and Asset Resolution Pack Rules (CASS RP) to support the orderly and speedy distribution of client assets in the event of a financial institution default. CASS RP (or CASS packs) includes specific documents and records, financial institutions are obliged to maintain to assist the insolvency practitioner return client money and safe custody assets (client assets) more efficiently and quickly in the event of an investment firm failure.
The production and maintenance of CASS packs will require additional resources at a time when headcount is down and budgets are tight. As a result, financial institutions are considering technology or outsourced solutions to help lighten the burden of managing CASS resolution packs, and in time to meet the October 2012 deadline.
In a webinar, an expert will review the FSA’s CASS RP rules and explain the challenges firms face in creating and maintaining CASS packs. Specifically, the presentation will review the process of creating a CASS pack including data sourcing, information updating, project management and utilising technology to achieve efficiency and ensure compliance. By understanding the challenge of CASS RP, the audience will have to knowledge and tools to ensure they can comply with the FSA rules by the October 1st 2012 deadline.
The panel will review some of the following topics:
• Background to CASS RP including a look at current FSA proposals and laws (CP11/16 and PS12/1) surrounding CASS and client money handling
• The challenges of CASS RP including sourcing information, ensuring data integrity, keeping information updated and understanding key dependencies.
• Creating CASS RP including a look at deadlines, resources, and the involvement of internal stakeholders and managing the creation process despite budgetary and technical constraints.
• Realistic deadlines, efficient project planning and possible problems in the CASS creation process
• Maintaining a CASS RP including managing drafting policies and procedures
• Harnessing technology and outsourced solutions to support efficient CASS creation and maintenance.
Moderated by Julia Schieffer, Founder & Editor in Chief, DerivSource.
Speakers to be announced shortly
To register:
https://deriv.webex.com/deriv/onstage/g.php?t=a&d=957347564
