Northern Trust Expands Reporting Tools

Northern Trust announced today it has expanded its array of reporting tools to support institutional investors in meeting new and complex requirements for corporate governance, financial disclosure, and regulatory filings in markets worldwide. New reports launched in 2008 will help clients comply with higher standards for transparency in class action processing, taxation, investment risks and accounting practices.

"As Northern Trust enters new markets around the globe, we continue to develop products to meet the local and regulatory needs of our worldwide client base," said Peter Cherecwich, Northern Trust's global head of asset servicing product development. "Corporations, public pension funds and not- for-profit institutions face increasingly complex challenges in managing governance, regulatory, accounting, investing, finance and fiduciary responsibilities. As global custodian, Northern Trust seeks to ease our clients' burden of achieving transparency while complying with all accounting, valuation and financial reporting standards."

Governance, regulatory and financial reporting requirements addressed by Northern Trust include class actions, GASB 40 and 50, IRRS 7 and Dutch Regulatory Reporting.