Sentence examples for of client assets from inspiring English sources
It also appears UBS is stemming the flow of client assets from its private bank and wealth management arms.
See The Loan Syndications and Trading Association, "Bank Loan Trades and Custody of Client Assets" (Jul. 12, 2017), available at https://www.lsta.org/news-and-resources/news/bank-loan-trades-and-custody-of-client-assets.
"Where an independent custodian holds client assets, the risk of client assets being misused is limited," said Mary Schapiro, the commission chairwoman.
The Commission considers compliance with the custody rule to be one of the primary safeguards against misappropriation or misuse of client assets.
Given that non-affiliated custodians already serve as an important safeguard of client assets, it is not self-evident that the cost of a surprise exam is warranted.
The firm said it believed that less than 5percentt of client assets were missing but added that it might find more accounts that were short some money.
The £38m fine is the second punishment Barclays has received for breaches of client asset rules.
The proposals range from a special insolvency regime for investment banks (there is none now) to tightening up the clearing and settling of trades, and the handling of clients' assets.
Its early years have been bumpy – the Mt Gox clearinghouse for the digital currency went bankrupt after cyberthieves made off with some $500m or so of clients' assets – and its long-term fate remains uncertain.
The overriding concern for investors and insurers is the contemporary threat that these issues pose to the value of clients' assets, to financial stability and to long-term economic growth.
The Boston Consulting Group (BCG), which conducts an annual survey of global wealth, found in their 2009 survey of wealth managers and clients that wealth advisors have seen a steady flow of clients' assets leave over the last few quarters.
