BNY Mellon Asset Servicing Announces Enhanced Compliance Monitoring Service
October 06 2009 - 8:00AM
PR Newswire (US)
New features sharpen post-trade monitoring, review and transparency
BOSTON, Oct. 6 /PRNewswire-FirstCall/ -- BNY Mellon Asset
Servicing, the global leader in securities servicing, has
introduced a number of market-driven enhancements to its compliance
monitoring capabilities to assist asset owners and asset managers
with the post-trade monitoring of their investments. With
Compliance Monitor, BNY Mellon's compliance reporting toolkit,
clients can review whether executed investment decisions are
adhering to specified guidelines or mandates established with
investment managers. Designed to meet a growing need for improved
transparency and review, Compliance Monitor supports an expanded
range of guidelines on a post-trade basis, including permissible
assets, country and currency exposures, issues and issuers, and
other investor benchmarks. The new service also can screen on
Environmental, Social and Governance (ES&G) criteria, covering
more than 20 controversial business issues (such as Sudan
divestment, Iran, etc.), which many asset owners have begun to
implement. Provided by BNY Mellon Asset Servicing's Performance
& Risk Analytics product line, Compliance Monitor can be part
of a fully outsourced service where BNY Mellon provides alerts to
clients, or as an optional toolkit clients can access themselves.
Reports can be generated daily, weekly or at other designated
intervals. Detailed or summary information can be produced covering
all securities in a portfolio or just those that violate the
guidelines. Violations can then be e-mailed directly to the client
for prompt review. Other enhanced features, including flags for new
violations and improved audit trails, allow users to better
document their research. "With the recent market performance,
monitoring of investment processes and external managers is more
important than ever," said Greg Stewart, managing director and
regional product manager of BNY Mellon Asset Servicing. "Unintended
or unknown exposures can create risk and losses and undermine the
goals of investors. Compliance Monitor gives asset owners an
in-depth analysis of their investment managers' activities. With
the new reports, clients can easily see any warnings or violations
that warrant their attention, and automated distribution puts this
information right at their fingertips. "These new compliance
capabilities enable clients to focus on key issues without
unnecessary data mining, empowering them to make informed
investment decisions," Stewart added. BNY Mellon Asset Servicing
offers clients worldwide a broad spectrum of specialized asset
servicing capabilities, including custody and fund services,
securities lending, performance and analytics, and execution
services. BNY Mellon is the corporate brand of The Bank of New York
Mellon Corporation (NYSE:BK). BNY Mellon is a global financial
services company focused on helping clients manage and service
their financial assets, operating in 34 countries and serving more
than 100 markets. The company is a leading provider of financial
services for institutions, corporations and high-net-worth
individuals, providing superior asset management and wealth
management, asset servicing, issuer services, clearing services and
treasury services through a worldwide client-focused team. It has
$20.7 trillion in assets under custody and administration, $926
billion in assets under management, services more than $11.8
trillion in outstanding debt, and processes global payments
averaging $1.8 trillion per day. Additional information is
available at bnymellon.com. DATASOURCE: BNY Mellon CONTACT: Joseph
F. Ailinger Jr., +1-617-722-7571, , or Tim Steele,
+44-20-7163-5850, , both of BNY Mellon Web Site:
http://www.bnymellon.com/
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