Protecting clients’ assets

protecting-client-assets

Ever since huge amounts of client assets turned out not to be protected in the collapse of Lehman Brothers, the Financial Services Authority (FSA) has increased its focus on this area. After all, the whole point of the CASS (client assets) rules is to ensure that client assets are protected in the event of an insolvency.

It is the responsibility of a firm’s management to ensure that it complies with the relevant CASS rules, but CASS auditors’ reports on compliance with the rules are a significan