Northern Trust has created a package of reports to assist clients in complying with IFRS 7, Financial Instruments: Disclosures, and similar national financial reporting standards. IFRS 7 requires quantitative and qualitative disclosures about an entitys exposure to credit risk, liquidity risk and market risk arising from its use of financial instruments.
Northern Trust delivers two reporting packages: the IFRS 7 Reporting Suite, available via its online reporting tool, Passport; and the Sensitivity Analysis Reporting Service, to assist clients with their financial reporting needs.
In addition, Passport 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,” says Kathy Dugan, product manager, Northern Trust, Asia Pacific. “IFRS 7s new disclosures will require companies to calculate and interpret their investment data in unfamiliar ways. Northern Trusts 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.
L.D.