State Street Enhances Investment Compliance Suite

State Street has added to its compliance program Compliance38 Online, a Web-based service which makes chief compliance officer (COO) program documents available to customers through my.statestreet.com, according to the announcement. Compliance38 Online enables customers to access State Street compliance documents housed in a common repository.

State Street also enhanced its post-trade compliance service capabilities, delivered through my.statestreet.com, for fund managers, multi-managers, management companies and pension funds worldwide, the announcement said. As part of the risk management process, State Street has combined its compliance security reference data and online breach reporting capabilities with the rules coverage and capabilities of Charles River Development, a provider of investment compliance technology.

The enhancement gives State Street the ability to design customer-defined, specific mandates and regulatory guideline tests. Clients will be able to monitor investments objectively and ensure adherence to investment regulations, Jay Hooley, executive vice president and global head of investment services for State Street, said in the announcement.

More information can be found at www.statestreet.com.