State Street Solutions Help Clients Navigate Regulatory Change and Mitigate Risk

  State Street Solutions Help Clients Navigate Regulatory Change and Mitigate
  Risk

Business Wire

BOSTON -- May 06, 2013

State Street Corporation (NYSE: STT), announced today enhancements to its
financial reporting and collateral services which will help clients comply
with regulations, manage risk and automate their disclosure requirements.

  *State Street’s new ProNavigator solution enables asset managers to
    automate their registration forms (including the prospectus and statement
    of additional information) in multiple formats. The new solution enables
    auto-composition and helps to streamline disclosures that are required
    across multiple fund registrations. It provides clients with one source
    document that reduces the risk of regulatory reporting errors, lowers
    typesetting and EDGAR conversion costs and streamlines production review
    and sign-off.
  *To help manage counterparty risk, the US Dodd-Frank legislation enables
    collateral to be held by independent third-parties such as State Street.
    In response, State Street has 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.
  *Meeting the heightened collateral demands of global derivatives
    regulation, State Street has also strengthened its collateral management
    solution to incorporate margin automation technology. As the amount and
    frequency of required collateral increase, automation will be essential
    for clients to achieve timely and accurate messaging to increase
    operational efficiencies.

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.

About State Street Corporation

State Street Corporation (NYSE: STT) is one of the world's leading providers
of financial services to institutional investors including investment
servicing, investment management and investment research and trading. With
$25.4 trillion in assets under custody and administration and $2.2 trillion in
assets under management at March 31, 2013, State Street operates in more than
100 geographic markets worldwide, including the U.S., Canada, Europe, the
Middle East and Asia. For more information, visit State Street’s web site at
www.statestreet.com.

This AUM includes the assets of the SPDR Gold Trust (approx. $62.7 billion as
of March 31, 2013), for which State Street Global Markets, LLC, an affiliate
of State Street Global Advisors, serves as the marketing agent.

Contact:

State Street Corporation
Jan Symosek, +1 617 664 1898
www.statestreet.com
@StateStreet
 
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