The FSA’s proposals for client money regulation will force organisations to introduce automated, streamlined controls that maintain the integrity of accounts
LONDON: AutoRek, the financial data management expert, has issued a strong warning to financial institutions that it will be imperative to rethink current processes in light of the recent proposals outlining client money changes. Now that the FSA has closed its consultation period on Client Assets (CASS), asset managers, banks and insurance providers need to examine how they will reconcile their accounts.
- CLAIRE UNWIN
- InfoSecurity
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