News
CLIENT ASSETS COURSE
EUKLEIA TRAINING ANNOUNCES RELEASE OF NEW CLIENT ASSET COURSE
The management of Client Assets has recently been elevated to a hot topic in UK Financial Services regulation. A slew of FSA enforcements and thematic reports have brought a new focus to this subject among compliance professionals. Furthermore, increased scrutiny in the media following the recent financial crisis has raised the prospect of significant reputational risk for firms who fail to meet their client money responsibilities.
The FSA has repeatedly emphasised the importance of ensuring that client money is adequately protected. It has established a new unit to enhance and strengthen it's existing capabilities in the area of client money and assets, and recently levied it's largest ever fine for client money breaches.
Sally Dewar, FSA managing director of risk, said: "It is crucial that firms are compliant with the FSA’s client money and assets rules. Adhering to these rules not only ensures greater protection of clients but of financial stability as a whole. The creation of a specific unit means that firms need to raise their game as the FSA’s focus on this area and will continue to intensify."
Patrick Thompson. Eukleia Training MD and author of the course commented ; "Eukleia has developed this new course to help firms communicate the responsibilites for the management and segregation of client assets to their staff, and to raise awareness of this important subject. It will help them to meet the compliance standards the FSA expects from regulated firms."
Further details of the course can be found here
If you would like to trial the course please click here.