A Northern Trust news announcement said the company had developed two reporting packages: the IFRS 7 Reporting Suite, available via its online reporting tool, Passport; and the Sensitivity Analysis Reporting Service .
The company said Passport also offers clients the
ability to create custom, ad hoc IFRS 7 Exposure Analysis
reporting and customized Sensitivity Analysis reports
that allow clients to assess the risk of each part of
their investment program under various market stress
“As regulators demand increased transparency, accounting requirements are changing to focus more on risk,” said Kathy Dugan, product manager for Northern Trust’s Asia Pacific region. “IFRS 7’s new disclosures will require companies to calculate and interpret their investment data in unfamiliar ways. Northern Trust’s solution suite is designed to provide clients with the specific data they need, so they can focus on analysis rather than data crunching and scrubbing.”
IFRS 7 requires quantitative and qualitative disclosures about an entity’s exposure to credit risk, liquidity risk, and market risk arising from its use of financial instruments.
« FRC Sees RIAs as Among High Growth Fund Asset Channels