Cowell Clarke’s Post

Last chance to register for our upcoming bitesize webinar taking place tomorrow, entitled "Establishing a robust prudential monitoring framework." ⏰ Time: 12:00 - 12:30 pm 🎙️ Hosts: Jonathan Aseervatham - Director of Prudential Services & Harpartap Singh - Managing Director of Prudential Services. This webinar will cover essential principles for building a strong prudential monitoring framework, aligned with the FCA’s heightened expectations for financial resilience. During the webinar, we will also provide guidance for firms on implementing forward-looking financial monitoring, establishing clear escalation routes, and defining recovery actions to meet FCA standards. What we will be covering: - The importance of Prudential monitoring - Risks and Requirements - Setting appetites, triggers, and thresholds - Point in time vs. forward looking assessments - Escalation routes, recovery actions and FCA notifications Don’t miss out, register here https://lnkd.in/eYPw8x46 #Prudential #FCA #Authorisations #Compliance #Cosegic #Webinar #Event #Regulation #IFPR #RegData

Did you miss our latest webinar entitled "Establishing a robust prudential monitoring framework." No worries, you can no watch this on demand! This week we hosted a webinar with Harpartap Singh - Managing Director of Prudential Services and Jonathan Aseervatham - Director of Prudential Services which covered the essential principles for building a strong prudential monitoring framework. They also provided guidance for firms on implementing forward-looking financial monitoring, establishing clear escalation routes, and defining recovery actions to meet FCA standards. What this webinar covered: - The importance of Prudential monitoring - Risks and Requirements - Setting appetites, triggers, and thresholds - Point in time vs. forward looking assessments - Escalation routes, recovery actions and FCA notifications Click here to access the webinar recording https://lnkd.in/eYPw8x46 #Prudential #FCA #Authorisations #Compliance #Cosegic #Webinar #Event #Regulation #IFPR #RegData

One week left to register for our upcoming bitesize webinar entitled "Establishing a robust prudential monitoring framework." 📅 Date: 20th November, 2024 ⏰ Time: 12:00 - 12:30 pm 🎙️ Hosts: Jonathan Aseervatham - Director of Prudential Services & Harpartap Singh - Managing Director of Prudential Services. This webinar will cover essential principles for building a strong prudential monitoring framework, aligned with the FCA’s heightened expectations for financial resilience. With the IFPR grace period over, firms must consistently maintain adequate financial resources at all times, not just when reporting on their financial position through periodic RegData returns. This webinar will guide firms on implementing forward-looking financial monitoring, establishing clear escalation routes, and defining recovery actions to meet FCA standards. What we will be covering: - The importance of Prudential monitoring - Risks and Requirements - Setting appetites, triggers, and thresholds - Point in time vs. forward looking assessments - Escalation routes, recovery actions and FCA notifications Don’t miss out, register here https://lnkd.in/eYPw8x46 #Prudential #FCA #Authorisations #Compliance #Cosegic #Webinar #Event #Regulation #IFPR #RegData

Recover what you’re owed... It's risk-free! 💰🚫 With WMA's Payments Audit, it’s simple: no recovery, no fee! ✅ Zero cost, zero risk: You pay nothing if we find no discrepancies. ✅ Expert insights: Our team meticulously reviews your transactions to protect your bottom line. ✅ Peace of mind: Identify and fix the root cause of financial leaks. Don’t let financial errors slip through - contact us today and safeguard your business! #PaymentsAudit #NoRecoveryNoFee #WMA #FinancialIntegrity #AccountsPayable

𝗗𝗼𝗻'𝘁 𝗹𝗲𝘁 𝗙𝗗𝗜𝗖𝗜𝗔 𝗰𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝗰𝗲 𝘄𝗲𝗶𝗴𝗵 𝘆𝗼𝘂 𝗱𝗼𝘄𝗻! RADD LLC can take that burden off your shoulders and minimize your overhead costs. 📊 Our team of experienced experts are here to ensure that your privately held financial institution meets all regulatory requirements. With a well-designed FDICIA compliance program, you'll provide an annual attestation of the adequacy of your internal control over financial reporting, and gain peace of mind knowing that your operating policies are being followed. ✅ For many financial institutions, handling FDICIA compliance in-house can be overwhelming and impractical. Developing a compliance plan, assessing risks, devising controls, and maintaining documentation requires specialized expertise and valuable time. ⏰ #RADDLLC #FDICIAcompliance #FinancialInstitutions #RegulatoryRequirements #ComplianceExperts

I speak to lots of businesses on a daily basis and most are confident that they've had no financial leakage over the last 6 or 7 years - of course this is excellent news! 😊 However, in over 96% of the historic payment reviews we conduct, we find a variety of payment discrepancies that have slipped through. 🔍 We're all human, mistakes do happen from time to time, often undetected......this is where we can help identify, recover and educate you from what we find. 💡 And.......it's completely risk free! ✅ #AccountsPayable #WMA #PaymentsAudit

Between September 2023 and July 2024, the UK's Financial Conduct Authority (FCA) reviewed firms' approaches to PEP customers to evaluate their adherence to the existing guidance. Findings included: ❌ Some firms included definitions for PEPs and RCAs that were not in line with the regulations and the FCA guidance ❌ A small number of firms were not effectively considering the customer’s actual risk in the assessment and risk rating ❗ Some firms need to ensure they update their policies to reflect the legislative developments and recent amendment to Regulation 35 of the UK MLRs With financial institutions’ management of PEPs subject to heightened scrutiny and new regulatory requirements, FINTRAIL summarises the key takeaways from the FCA’s most recent guidance in our latest blog: 👉 https://lnkd.in/eTSZEGgV #financialcrime #compliance #peps

Our March edition of the Financial Services Compliance Newsletter is now released! We’ve packed our newsletter with crucial updates and in-depth analysis tailored for financial institutions navigating the complex regulatory landscape.   Whether you're looking to streamline compliance processes or enhance your understanding of current laws, our newsletter has something valuable for you.   Stay informed by reading our March newsletter below. Click here to subscribe for future updates straight to your inbox: https://lnkd.in/gh8Pscsr   Richard Beissel Richard Hopkin Emma Johnson Steven Slimming Zac Mizgalski Claudia Van Eckeren Monique Micklethwaite Chloe Kowalczuk    #Compliance #FinancialServices #RegulatoryUpdates #RiskManagement #AFSL #FinancialAdviser

🔒 Ensuring the Safety of Client Funds: Best Practices and Regulatory Insights 🔒 We understand the importance of safeguarding client funds. Our latest blog delves into the best practices and regulatory insights to protect assets, comply with regulations, and stay ahead of upcoming legislation. Discover how segregated accounts, regular reconciliation procedures, and periodic audits can help maintain the integrity and security of client funds. Learn about the upcoming PSD3 and PSR legislation and how ARQ can assist with gap analysis, compliance services, training, and risk solutions. Read the full article here: https://lnkd.in/dsyagJeE #ARQGroup #PartnershipInGrowth #ARQInsights #ClientFunds #FinancialSecurity #Compliance #Regulations #PSD3 #PSR #FinancialServices #RiskManagement

The Importance of Fiduciary in Financial Services Fiduciary duty is the cornerstone of trust in financial services. Here’s why it matters: 1. #Client-FirstPriority: Fiduciaries must act in their clients’ best interests, ensuring unbiased advice. 2. #Transparency: Full disclosure builds trust, safeguarding ethical practices. 3. #Risk Management: Fiduciaries mitigate conflicts of interest, reducing financial risks. 4. #Compliance: Adherence to regulatory standards protects clients and firms alike. 5. #Long-Term Value: Fiduciary principles foster sustainable, client-centered growth. #FiduciaryDuty #EthicsInFinance #FinancialServices #ClientFirst #Eagle888