Business Issue
The client, a global forex broker, wanted to ensure its CASS arrangements met regulatory obligations following an external CASS audit. The firm required a comprehensive assessment of its CASS framework, governance, and controls to identify gaps and implement necessary remediation. Without a clear strategy, there was a risk of regulatory scrutiny and potential non-compliance.
Solution
fscom was engaged to conduct a detailed review of the firm's CASS footprint, policies, procedures, and governance. The approach included benchmarking against regulatory expectations, incorporating external audit findings, and developing a structured CASS remediation plan. The project was delivered in two phases: an initial assessment to identify gaps, followed by targeted remediation activities to address findings and strengthen compliance.
5 Documents
developed, including Risk Policy and Compliance Plan.
Multiple Workshops
held to identify key risks.
Team Members Trained
on framework management.
Benefits
The firm gained a clear understanding of its CASS compliance position and a structured roadmap for improvement. Governance frameworks were enhanced, internal awareness and training improved, and key controls implemented to meet regulatory standards. The remediation plan enabled the firm to address audit findings efficiently and demonstrate compliance to regulators.
Client
Feedback
The firm appreciated the structured approach and expertise provided throughout the engagement. They highlighted the consultancy's ability to simplify complex regulatory requirements and deliver a clear, actionable plan that streamlined the remediation process and strengthened their compliance framework.
