Client money
The COVID-19 pandemic is having a severe impact on many business sectors, and financial institutions are no exception. Many firms are likely to encounter challenges of one form or another in the coming months, as countries emerge from lockdown and seek to resume normal business at different times, and the applicable legal and regulatory regimes respond accordingly. Improvements made to the relevant regimes since the global financial crisis, in addition to certain recent initiatives and regulatory responses, mean that there are a number of technical and practical issues for financial institutions and their advisers to consider as the situation develops.
This webinar series will explore these issues from several perspectives, with views and insights from our financial services regulatory and financial restructuring and insolvency lawyers, and professionals from some of the global accountancy firms with whom we work regularly.
Client money – 15 July 2020
For the second webinar in the series we will be joined by Mike Williams, Head of Banking and Capital Markets Regulation at Deloitte, to provide a refresher on some key issues relating to the UK Financial Conduct Authority’s client money rules in the context of the failure of a firm, including:
- An overview of CASS 7 and CASS7A and the investment bank special administration regime
- What we have learned from firm failures such as Lehman Brothers and MF Global
- Practical, compliance and operational issues for firms to consider
- Looking to the future