Client money and assets - Round-up of recent developments

Confidence in the arrangements for protecting client assets was badly hit during the financial crisis, with the Lehman client money litigation demonstrating the serious consequences of failures in client money and asset protection. The FSA has emphasised the importance it places on client money and assets protection through communications and through its recent enforcement actions. Indeed, the FSA has described ensuring that client money and assets are adequately protected as its regulatory "mission".

Click here to view our briefing. This article was first published on www.complinet.com on 31 January 2011.