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"Explore the role of good governance in achieving CASS compliance"

Good Governance A Key Aspect of CASS Compliance

White Paper: AutoRek

In the present scenario, it is very difficult to achieve CASS compliance without the correct CASS governance and oversight framework in place.

Most firms with CASS failings painfully resolve their issues only to find more problems down the line, despite all the costs and resources that they would have dedicated to resolving the initial failings. Often this is due to the lack of focus on building a sustainability framework that is forward looking, rather than incident driven.

But what does 'Good CASS Governance' even look like? Few firms or consultants can explain what good governance looks like or provide a tangible solution; a lack of clarity in the market exists even before the myriad of CASS arrangements have been added to the equation.

This whitepaper provides insights on what firms need to do in order to manage CASS risk and build a robust CASS governance structure. It highlights:

  • Good Governance: The Key to CASS Compliance

  • Personal accountability and Tougher CASS audits

  • The importance of centralized processes and controls

  • Risk management using 'tangible' governance tools

  • A 'Governance Wheel' of CASS governance's critical elements

  • The danger of 'sticking plaster solutions'

  • How Rosediem and AutoRek can help

Good Governance A Key Aspect of CASS Compliance
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What is

What is Risk Management ?

Risk management is the way of identifying, measuring and dealing with the threats to an organizations capital and earnings. Definition according to ISO 31000 Risk management is the way toward assessing the chance of loss or damage and finding a way to battle the potential Risk.

What is CASS ?

CASS is a set of rules and regulations followed by a firm while dealing with the client’s money or safe custody assets as part of a business contract. These client asset rules help to keep the clients money on the safer side if the firm fails in running the business and exits the market. On the other hand, it helps to reduce the financial loss by identifying, assessing and mitigating risks.

What is Risk ?

The risk is the possibility that something bad or unpleasant (exposure to the chance of injury or loss) will happen. Organizations are exposed to risks of different degrees; risk management is a procedure which involves assessing the risks and then taking necessary steps to either eliminate or to reduce them as far as reasonably possible.

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