BNY Mellon Announces Compliance Monitoring Enhancements

October 6, 2009 ( - BNY Mellon Asset Servicing has introduced a number of 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, according to a press release.   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 (ESG) criteria, covering more than 20 controversial business issues (such as Sudan and Iran divestment).

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, the press release said.  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.

More information is available at .