Northern Trust Beefs Up Risk Monitoring

Lets clients keep a wary eye on credit, liquidity, concentration and regulatory risk.

Northern Trust has enhanced its Easy Event Reporting tool to provide clients with expanded options for monitoring exposure to multiple types of risk, including credit, liquidity, concentration and regulatory risk. Easy Event Reporting allows clients to trigger an inquiry for a specific business need and receive data and analytics to guide decisions.

Available through Northern Trust's online platform, Passport, the tools offer data mining on multiple risk exposure categories in order to answer client requests. The new risk categories available in the Easy Events Reporting tool include market/concentration risk, credit/counterparty risk, liquidity risk and regulatory risk.

"These enhancements to Easy Event Reporting allow clients to more easily view currency and other risk exposure in their portfolios, and help address key risk management tasks that have become a top priority," said Paul d'Ouville, head of Global Product Management for Corporate & Institutional Services at Northern Trust.

For example, a client may need to assess the level of financial risk if an obligation will not be paid and a loss will result. This situation is addressed through the Monitoring Credit/Counterparty Risk report, which integrates data on bond ratings and counterparty exposure.