Citi has enhanced its custody and investor services capabilities with new online reporting functionality to help clients address the regulatory reporting requirements of the Financial Accounting Standards Board (FASB) issued statement 115-2 (FAS 115-2).
The new functionality addresses mark-to-market accounting for securities and generates regulatory disclosures with greater detail and frequency than previously required. As a part of this upgrade, Treasury Analytics gives each client the flexibility to write down securities per their specific requirements while providing greater control in how these impairments are recognised. It also integrates FAS 115-2 requirements with daily and period-end investment reporting in an automated and auditable process.
“This enhancement is another example of Citi providing our clients with the tools they need to keep up with new regulations both efficiently and easily,” said Craig Dudsak, global custody North America region head, Citi. “Treasury Analytics increases portfolio oversight and enables our clients to provide greater transparency to their stakeholders and regulators.”
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more