BNY Mellon Asset Servicing has extended its reporting services to clients in the Netherlands to help pension fund clients address recently tightened risk management regulations in the country.

The enhanced product assists Dutch funds with their regulatory filings to De Nederlandsche Bank (DNB), in compliance with its Financieel Toetsingskader (FTK) regime. This requires institutions to enhance and monitor their risk controls, and also includes a solvency test.

Pension funds must conduct stress tests on their investment programmes to assess the possible impact of market shocks. The full asset class spectrum is tested to establish a holistic view of the programme’s risk sensitivities, and pays particular attention to the behaviour of any derivatives investments.

The FTK also requires pension funds to have a clear understanding of their full exposure and true investment performance.

The enhanced platform means BNY Mellon addresses all needs with the one solution, packaging stress testing analysis with the accounting valuation and performance measurement reporting that are also mandated by current DNB requirements. The full, completed regulatory report is then submitted to DNB by BNY Mellon, on behalf of the client.

“As regulators across Europe continue to evolve their risk management legalisation, we will continue to invest in extending our capabilities to ensure our clients have access to the most sophisticated reporting tools they need,” explained Leonique van Houwelingen, head of the Netherlands at BNY Mellon Asset Servicing.

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