A detailed knowledge of reconciliation processes in banks and financial institutions (FIs) is a core competency at ReconArt, yet it never ceases to amaze us how every client’s focus is on a different process with a distinct set of challenges. We are fortunate to have worked with a wide range of gr...

I was going to start off describing what we do here at ReconArt. In simple terms, we help our clients with their period, quarter and year-end financial close and, leading up to that, make sure that all relevant accounts are properly reconciled. Then I suddenly realized something… In a perfect w...

The United Kingdom’s Financial Conduct Authority (FCA) regulation PS14/9 related to custody assets and client money has a backstop for implementation of 1 June 2015. Compliance with the rules in the client assets sourcebook (CASS) has never been more important. There is now considerable ‘nois...