JPMorgan adds breach register to compliance reporting system
08 November 2002 | 3934 views | 0
JPMorgan Investor Services has added breach register features to its compliance reporting services platform for custody clients.
The new feature enables institutional investors to more easily manage and document the resolution process for compliance events. It will provide real-time access to compliance reports and breach records and allow users to define workflow and breach record content for analysis and resolution, build and store customised management reports.
Rajesh Kumar, vice president and EMEA compliance reporting services product manager, comments: "The integrated approach to breach identification and resolution, together with the platform's ability to support multiple valuation systems, including JPMorgan's own accounting platform and third party administered systems, enables our clients to adopt a single compliance process across their entire firm."
JPMorgan says it is the only global custodian with integrated breach register features within its compliance reporting system. The service will be available over its client-only Web site, Treasury & Securities Services Online.