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Products April 30, 2009
Northern Trust Releases Risk Reporting Tools
April 30, 2009 (PLANSPONSOR.com) - Northern Trust
has created a suite of reports to help clients comply with
IFRS 7, Financial Instruments: Disclosures, and similar
national financial reporting standards.
Reported by Fred Schneyer
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
scenarios.
“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.