CASS 15: How new FCA rules will change safeguarding obligations for EMIs and PSDs

Written by Philip Buckingham, Compliance Director, UK at IQ-EQ and Dan Rose, Partner, Audit and Assurance at Gravita The Financial Conduct Authority (FCA)’s proposed CASS 15 rules will impose new client money safeguarding and audit obligations on electronic money institutions (EMIs) and payment services directive firms (PSDs). Final rules are expected in Q3 2025, with […]

Gravita works with IQ-EQ to assist with the financial audit of regulated client

The client, the challenge Gravita audits a small bank that is regulated by the PRA and FCA. As part of the audit, we required an audit expert to assist with work relating to the going concern of the bank. Gravita brought in IQ-EQ for assistance with reviewing the bank’s internal capital adequacy assessment process (ICAAP), […]

The role of audit and assurance in the financial services sector

20/01/2025 Audits are a cornerstone of the financial services sector, ensuring transparency, compliance, and trust in an industry where accuracy and accountability are paramount.   Drawing on Gravita’s vast experience in audits in the financial services sector, this article explores why audit and assurance are essential for financial services firms, the challenges they face, and […]