Ben Rovner, CPA’s Post

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Senior Director at FTI Consulting Real Estate Solutions

Reforms are underway in the UK's payment and e-money safeguarding regime. The government is set to enhance the Financial Conduct Authority's powers to provide greater regulatory agility and clearer guidelines for firms. Given the critical issues of delayed client fund returns during insolvency and inadequate fund segregation, these reforms are timely. Firms must now bolster their internal controls, enhance monitoring, and ensure rigorous compliance to safeguard client funds effectively. Stay tuned for more updates on these critical reforms slated for the latter half of 2024. Sam Haskins, Managing Director, in the Regulatory Risk Management team shares his thoughts here: https://lnkd.in/dKbM5nbk #FCAsafeguarding #emoneysafeguarding #financialconductauthority

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