STT State Street Corporation

State Street Corporation (NYSE:STT), the world's leading provider of financial services to institutional investors, announced several technology enhancements to its suite of compliance offerings for customers at its Chief Compliance Officer (CCO) briefing held recently in Boston. State Street provides customers with a robust compliance program in response to SEC Rule 38a-1 of the Investment Company Act of 1940, which became effective in October, 2004. The latest enhancement to this technology suite is Compliance38 Online, a Web-based service which makes CCO program documents available to customers through my.statestreet.com, State Street's integrated online information delivery platform. My.statestreet.com acts as a secure, single-entry point to State Street�s full suite of sophisticated market data and analysis applications. Compliance38 Online enables customers to readily access important State Street compliance documents in a common repository. �As the leading investment servicing provider to the mutual fund industry, and as part of our ongoing commitment to delivering solutions for compliance issues, we regularly hold these CCO briefings as a forum for addressing the needs of our customers,� said Alan Greene, executive vice president and head of State Street�s U.S. mutual fund servicing business. �In an industry with increased attention to compliance, controls, and cost management, we continually evaluate changes in the fund industry and regulatory developments. In turn, we develop and introduce new technology to assist customers with managing today�s complex administrative and compliance challenges.� At the briefing, CCOs and compliance personnel from more than 100 State Street customers discussed the first-ever annual reviews delivered to their funds� Boards of Directors. Additionally, a robust panel discussion with five mutual fund CCOs, a summary of third-party reviews of service providers by independent accountants, and an outline of information security procedures at State Street rounded out the conference. State Street has also significantly enhanced its post-trade compliance service capabilities, delivered through my.statestreet.com, for fund managers, multi-managers, management companies and pension funds worldwide. As an essential part of the risk management process, State Street combines its industry leading compliance security reference data, online breach reporting capabilities and regionalized expertise with the comprehensive rules coverage and capabilities of Charles River Development, a leader in the field of investment compliance technology. �The expertise of our regional compliance teams and the flexibility of our compliance functionality allow us to design a wide range of customer-defined specific mandates and regulatory guideline tests,� said Jay Hooley, executive vice president and global head of investment services for State Street. �Armed with a fully integrated system with online reporting capabilities, consolidated data for rigorous monitoring and an experienced team of local professionals to provide continuous support, our customers are able to monitor investments quickly and objectively, ensuring adherence to global investment regulations.� About State Street State Street Corporation is the world�s leading specialist in providing institutional investors with investment servicing, investment management and investment research and trading services. With $11.3 trillion in assets under custody and $1.6 trillion in assets under management as of September 30, 2006, State Street operates in 26 countries and more than 100 geographic markets worldwide. For more information, visit State Street�s web site at www.statestreet.com. About Charles River Development Charles River Development provides award-winning software and services to investment managers.�Its Charles River Investment Management System supports the life cycle of a trade�from portfolio management and modeling, electronic trading and real-time compliance to post-trade processing. The system incorporates global real-time electronic trading via FIX through the Charles River Network, a private financial network. With over 225 clients in 30 countries the company maintains headquarters in Boston and primary offices in London, Melbourne, Paris, and Singapore.�For more information, visit www.crd.com. State Street Corporation (NYSE:STT), the world's leading provider of financial services to institutional investors, announced several technology enhancements to its suite of compliance offerings for customers at its Chief Compliance Officer (CCO) briefing held recently in Boston. State Street provides customers with a robust compliance program in response to SEC Rule 38a-1 of the Investment Company Act of 1940, which became effective in October, 2004. The latest enhancement to this technology suite is Compliance38 Online, a Web-based service which makes CCO program documents available to customers through my.statestreet.com, State Street's integrated online information delivery platform. My.statestreet.com acts as a secure, single-entry point to State Street's full suite of sophisticated market data and analysis applications. Compliance38 Online enables customers to readily access important State Street compliance documents in a common repository. "As the leading investment servicing provider to the mutual fund industry, and as part of our ongoing commitment to delivering solutions for compliance issues, we regularly hold these CCO briefings as a forum for addressing the needs of our customers," said Alan Greene, executive vice president and head of State Street's U.S. mutual fund servicing business. "In an industry with increased attention to compliance, controls, and cost management, we continually evaluate changes in the fund industry and regulatory developments. In turn, we develop and introduce new technology to assist customers with managing today's complex administrative and compliance challenges." At the briefing, CCOs and compliance personnel from more than 100 State Street customers discussed the first-ever annual reviews delivered to their funds' Boards of Directors. Additionally, a robust panel discussion with five mutual fund CCOs, a summary of third-party reviews of service providers by independent accountants, and an outline of information security procedures at State Street rounded out the conference. State Street has also significantly enhanced its post-trade compliance service capabilities, delivered through my.statestreet.com, for fund managers, multi-managers, management companies and pension funds worldwide. As an essential part of the risk management process, State Street combines its industry leading compliance security reference data, online breach reporting capabilities and regionalized expertise with the comprehensive rules coverage and capabilities of Charles River Development, a leader in the field of investment compliance technology. "The expertise of our regional compliance teams and the flexibility of our compliance functionality allow us to design a wide range of customer-defined specific mandates and regulatory guideline tests," said Jay Hooley, executive vice president and global head of investment services for State Street. "Armed with a fully integrated system with online reporting capabilities, consolidated data for rigorous monitoring and an experienced team of local professionals to provide continuous support, our customers are able to monitor investments quickly and objectively, ensuring adherence to global investment regulations." About State Street State Street Corporation is the world's leading specialist in providing institutional investors with investment servicing, investment management and investment research and trading services. With $11.3 trillion in assets under custody and $1.6 trillion in assets under management as of September 30, 2006, State Street operates in 26 countries and more than 100 geographic markets worldwide. For more information, visit State Street's web site at www.statestreet.com. About Charles River Development Charles River Development provides award-winning software and services to investment managers. Its Charles River Investment Management System supports the life cycle of a trade--from portfolio management and modeling, electronic trading and real-time compliance to post-trade processing. The system incorporates global real-time electronic trading via FIX through the Charles River Network, a private financial network. With over 225 clients in 30 countries the company maintains headquarters in Boston and primary offices in London, Melbourne, Paris, and Singapore. For more information, visit www.crd.com.