Thursday, 20 July 2017
PwC has identified the requirement for a ‘single director or a senior manager of sufficient skill and authority’ to be dedicated to CASS oversight (having no other responsibilities) as the CASS change causing the biggest stir from the FCA’s recently released MiFID II policy statement PS17/14.
Wednesday, 12 July 2017
On Friday 30th of June team AutoRek took part in a ‘Wear it Yellow’ day to support our colleague Steven McAllister in raising £1000 for Cystic Fibrosis.
Monday, 15 May 2017
Last week the Financial Times featured an article that the Intercontinental Exchange (ICE) is going to use an atomic clock to timestamp its European futures trades.
Monday, 08 May 2017
A few months ago I published a blog on the cost of MiFID II and the complexity of complying with the regulation in the short time that is left between now and the 3rd of January, 2018. It is therefore not surprising to read that the latest survey on MiFID II suggests that just under two-thirds of professional services firms might not be in a position to comply on time. The poll taken by Duff and Phelps covered 183 professionals across the industry spectrum.
Wednesday, 03 May 2017
The first CASS audit reports under the new FRC standard are due to be sent to the FRC this week. It is expected that there will be a large increase in adverse opinions as the auditors now look for evidence of the CASS controls in place, and will no longer rely on just sample testing.