New library of global financial regulatory changes will help institutional clients stay informed and up-to-date on reform proposals
BOSTON, January 18, 2011 — BNY Mellon Asset Servicing, the global leader in securities servicing, today announced the launch of Regulatory News, a new service on its Workbench™ platform designed to help institutional investors worldwide respond to new regulatory proposals, reforms and resulting requirements affecting their firms.
The new service provides summaries of newly proposed regulations and changes, as well as updates during the various stages of a proposed item's development. Regulatory News is designed as a quick and easy-to-use resource to help clients stay informed on the vast number of regulatory changes occurring in the financial services industry. Combined with BNY Mellon's ForeSight series of industry and market commentaries, Regulatory News reflects the company's commitment to serving as a leading informational resource for its institutional clients.
"The regulatory landscape over the last few years has experienced sweeping reform and calls for greater transparency and oversight in financial investments," said Dan Wywoda, head of global product management for BNY Mellon Asset Servicing. "These dynamics are shaping the way all our clients do business. As new regulatory items are introduced, we've been identifying the likely impact on clients and introducing new products and enhancements to address those changes.
"The material in the Regulatory News section will help our clients better prepare their businesses to meet the growing requirements mandated by governing bodies," Wywoda added.
BNY Mellon Asset Servicing offers clients worldwide a broad spectrum of specialized asset servicing capabilities, including custody and fund services, securities lending, performance and analytics, and execution services. BNY Mellon Asset Servicing provides services through BNY Mellon and other related companies.
BNY Mellon (NYSE: BK) is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has $24.4 trillion in assets under custody and administration and $1.14 trillion in assets under management, services $12.0 trillion in outstanding debt and processes global payments averaging $1.6 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation. Learn more at www.bnymellon.com.