State Street releases a range of compliance and risk-management tools for clients
State Street Corporation have announced enhancements to its financial reporting and collateral services this week to help clients comply with regulations, manage risk and automate their disclosure requirements.
State Street has released its new ProNavigator solution as part of its enhancements allowing asset managers to automate their registration forms in multiple formats. The new solution enables auto-composition and helps to streamline requisite disclosures across multiple fund registrations. It provides clients with one source documentation reducing the risk of regulatory reporting errors.
In line with Dodd-Frank initiatives, State Street has also expanded its tri-party collateral custody capabilities to all clients and broker dealers to help mitigate risk and maintain control of pledged assets. The new solution, Collateral Custody Service, provides a segregated account structure and can be offered as an independent, stand-alone service or as a component of broader solutions. It compliments State Street’s DerivOne suite, an end-to-end derivatives solution that includes servicing, custody and accounting, collateral management, valuation, and risk and analytics.
State Street’s solutions will help bolster asset managers‘, investors’ and intermediaries’ efforts to manage risk and comply with regulation. According to data from State Street’s Center for Applied Research, investment in risk analytics and improving regulatory compliance ranked within the top three strategic operational priorities for the next ten years.
Jim Tessner, senior vice president of State Street will be part of a panel discussion discussing the future of financial reporting and information delivery at our Client Reporting & Communications conference ( TSAM NA) in June in New York. Some of the themes covered in this panel discussion will include how the user experience is changing, and how the way we consume information is changing and impacting upon reporting. He will be joined on the panel discussion by Thomas Secaur of Citisoft. Rick Sands at SS&C technologies and Becky Nanberg of MFS Investment.