Asset management operations: How to improve your processes
Posted: 14/10/2023 | Read time: 3 minutes Asset management firms are currently navigating many industry changes and challenges. According to a recent PwC survey, firms face market volatility, high interest rates, and pressure on fees. These conditions could see one in six firms ‘swallowed up or fall by the wayside in the next five…
Key points from the FCA’s latest Market Watch Newsletter
Posted: 26/07/2023 | Read time: 3 minutes In its latest newsletter, issued on 25 July, the FCA talks about RTS 22 transaction reporting and the submission of financial instrument reference data under RTS 23. The regulator raises issues that investment firms, credit institutions, trading venues, systematic internalisers (Sis) and approved reporting mechanisms (ARMs) should…
CASS 7: How to avoid breaches when using PSPs & e-money firms
Posted: 14/07/2023 | Read time: 6 minutes The payments industry has boomed in recent years. Firms in this space are some of the most technologically advanced organisations across financial services. These innovations mean Payments Services Providers (PSPs) can facilitate client payments in high volumes, so it’s becoming common for investment businesses to use PSPs…
Transforming reconciliation processes for STANLIB, South Africa’s leading asset manager
How STANLIB increased productivity through automation STANLIB, a South Africa-based asset management firm, first approached AutoRek during its early growth stages. They wanted an automated reconciliation solution that could handle large volumes of transactions with flexibility and grow alongside business expansion. Five years later, the AutoRek solution has enabled STANLIB to boost productivity, adapt to…
AutoRek named Best CASS Solution for fourth-year running
Posted: 26/06/2023 | Read time: 2 minutes AutoRek, a leading software provider for the financial services sector, was recognised at the Systems in the City Fintech Awards 2023, with the business and its Head of Compliance both winning top prizes. The fintech won Best CASS Solution for the fourth year in a row at…
Dormant Asset Scheme: How the FCA consultation impacts CASS guidelines
Posted: 23/05/2023 | Read time: 5 minutes As part of the second phase of the proposed expansion of the Dormant Assets Scheme (DAS), the FCA has issued consultation paper CP23/12 to consult on proposed changes to the handbook. This phase of the expansion involves bringing a further five asset classes into scope of the…
The CASS compliance guidebook
FCA CASS regulations have been in place for around 20 years. The current rules and guidance have remained unchanged since PS14/9 came into force between 2014 and 2015. Despite this, 98% of investment professionals in the UK say that CASS compliance remains a significant focus for their firm’s senior management team. This is likely because…
Top 5 concerns of asset managers in 2023 – from CASS to automation
Posted: 04/05/2023 | Read time: 3 minutes The asset management industry has long been regarded as the central pillar of the financial services industry. This attitude reflects the sector’s continued success. Global assets under management (AUM) reached an all-time high of $123 trillion at the end of 2021. And AUM is projected to reach…
CASS compliance still front of mind for senior management teams
Posted: 19/04/2023 | Read time: 3 minutes Despite being introduced 20 years ago, CASS regulations, and maintaining compliance with them, remains a priority for the overwhelming majority of senior management teams The majority will be increasing their spend on compliance over the next two years to ensure they meet obligations 9 in 10 firms…
MiFID II post-trade reporting: The importance of 3-way reconciliations
What is MiFID II? Following the G20 meeting in 2009, EU member countries agreed to increase the transparency of global financial markets through new regulation. This regulation became known as MiFID and, later down the line, MiFID II. The introduction of MiFID II meant that rules were harmonised not only for member states but also…