£540

Preparing for CASS Oversight Responsibilities

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£540

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The Financial Conduct Authority (FCA) deem the CASS Operational Function as an important role.

About this Event

Course Overview

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. The intensive and intrusive regulation allows the regulator to enforce hefty fines on the industry for the lack of appropriate management and oversight. Explaining Regulatory concerns regarding client money and assets in respect of insolvency and their relevance to European market integrity.

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:

  • 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.

Who is Vivienne Bannigan

Vivienne is a financial services professional with over 20-year 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.


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