State Street Solutions Help Clients Navigate Regulatory Change and Mitigate
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
*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
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
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.
State Street Corporation
Jan Symosek, +1 617 664 1898
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