Tag: FSA
FSA Published Policy Statement on CASS Resolution Packs
On 26 March 2012, the FSA published Policy Statement PS 12/6 on CASS Resolution Packs. We now know that all firms holding client money or safe custody assets will have until 1 October 2012 to be fully compliant with the CASS RP rules. A full review of the policy statement will be posted within the […]
RRP and the FSA in 2012
Just how serious are the FSA regarding the enforcement of Recovery and Resolution planning in the UK? Judging by the FSA’s Business Plan 2012/13, pretty serious. In his overview, Hector Sants, FSA Chief Executive states that: “…our principal objective is to ensure that major firms whose failure would have significant systemic impact ideally do not […]