Financial stability has always been a huge risk area, and there comes a point where you have to involve your regulator – however uncomfortable that may be. We are here to provide support and guidance and can undertake a full review of the COFA’s duties and responsibilities within your firm. We can also undertake a full financial stability review and present our findings, highlighting any cause for concern.
We can implement rigid financial controls in order to ensure all financial obligations are being met and risks are mitigated. This includes adequate vetting and training of staff, ensuring all staff are aware of their responsibilities to keep consumer money safe, and having good account management systems in place.
