Compliance January 18, 2011
BNY Mellon Adds Regulatory News to Web Site
BNY Mellon Asset Servicing is adding a section on its Workbench platform to address the influx of industry rules and regulations.
Reported by PLANADVISER STAFF
A news release said the goal is to help institutional
investors respond to new regulatory proposals, reforms, and
resulting requirements affecting their firms.
The service provides summaries of newly proposed regulations and changes, as well as any additional updates during the various stages of a proposed item’s development
“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, in the news release. “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 service provides summaries of newly proposed regulations and changes, as well as any additional updates during the various stages of a proposed item’s development
“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, in the news release. “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.”