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
Each year, HighRoads surveys companies about their current processes and future plans for compliance communications. In 2013, HighRoads invited mid- to large-sized organizations throughout the United States to share information about their compliance and governance operations; their approach to producing, updating and distributing Summary Plan Descriptions (SPD) and the steps they are taking to generate the Summary of Benefits and Coverage (SBC) and other required notices under the Affordable Care Act (ACA). Benefits communication straddles an unusual line between the everchanging requirements of government regulation, the increasing need for clear, concise and understandable content and changing preferences for how to receive and send information. That said, there are some things that remain constant from year to year-such as what employers find most challenging and the lack of good data around compliance expenditures.
By: Hitachi Data Systems
Digital transformation isn't just a biggest challenge; it's also the best opportunity for IT pioneers. Data-driven digital transformation has the potential not only to address competitive threats posed by insurgents, but also to uncover opportunities for new business models and revenue streams. The key is for established companies to unlock the full potential of this important resource to fuel digital transformation and help to maintain their leadership positions in volatile and quickly evolving markets. This whitepaper provides insights on how to turn digital transformation from a challenge to a data-defined opportunity and the advantage offered by enterprise data. Key takeaways from this whitepaper: The Business Benefits of Digital Transformation The Top Considerations for CIOs, including advice from IT pioneers Five Keys to Digital Transformation Success
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.