The evaluation presents a diagnosis of the way in which the institution incorporates the Protection Client Principles into its practices, provides a comprehensive and independent vision of the client protection practices of a financial institution.
Why should your institution do a Client Protection Assessment?
An assessment can benefit your institution by evaluating how well you are meeting standards of client protection, by setting a starting point for strengthening your practices, by minimizing your risks and improving your profits, and by preparing you for Certification, in this sense your institution may:
- In order to assess your practices-know just how well you are protecting your clients
- To set a starting point for improvement— efficiently address weaknesses and minimize risk
- To prepare for Certification—get ready to become Smart Certified
- The business case for an assessment—to turn client protection into commercial success and minimize risk.