The Client Assets Sourcebook (CASS) journey

Gillian Boston

Journal of Securities Operations & Custody, 2018, vol. 10, issue 4, 315-320

Abstract: Ten years on from the financial crisis and the subsequent collapse of Lehman Brothers, the focus on Client Assets Sourcebook (CASS) has not waned — in fact, it remains high on the regulatory agenda. Why is this the case? Why is CASS not perceived to be a well-embedded regulation, and why does it continue to draw attention? If it was, surely PS14/9 (Review of the client assets regime for investment business) and the Financial Reporting Council’s (FRC) enhanced assurance standard would not have materialised. So what really has changed and what CASS challenges can firms expect to face in the latter half of 2018 and onwards into 2019?

Keywords: CASS; compliance; regulatory reporting; regulation; data management; financial control (search for similar items in EconPapers)
JEL-codes: E5 G2 K22 (search for similar items in EconPapers)
Date: 2018
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