client moneyFinancial Conduct Authorityfinancial crisislegal dataLehman Brothers' collapseUK Clients Assets Sourcebook rulesThis chapter begins by examining the link between the Financial Crisis in particular, the Lehman Brothers' collapse and the introduction of the updated UK Clients Assets Sourcebook (...
CASS – Client Assets and Client Money 来自 Wiley 喜欢 0 阅读量: 61 作者: A Datoo 摘要: This chapter begins by examining the link between the Financial Crisis in particular, the Lehman Brothers' collapse and the introduction of the updated UK Clients Assets Sourcebook (CASS) rules, as well...
client money directly into the firm’s client bank account • Every instance of client money received incorrectly into the firm’s own account will be a breach of the rules, even in circumstances where it may be the client’s fault for making a payment into the incorrect bank account CASS...
In 2014 the FCA reviewed the client assets regime and made material changes to the rules. The aim was and is to continue to offer better protection and speed up the recovery of client assets if the business collapses. The subject of Client money and Client assets remains high on the FCA'...
What the Proposed Changes to the CASS Client Money Rules will mean for Clearing Members and their ClientsArun Srivastava