About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

BNY Mellon Asset Servicing Enhances Reporting Capabilities for Derivatives and Fair Value Requirements

Subscribe to our newsletter

BNY Mellon Asset Servicing, the global leader in securities servicing, has enhanced its Workbench reporting platform to assist institutional clients comply with recent rule changes related to derivatives accounting and disclosure in international markets.

These changes are being driven by updates to Governmental Accounting Standards Board (GASB) Statement No. 53, Accounting and Financial Reporting for Derivative Instruments, and Financial Accounting Standards Board (FASB) Statement No. 161 (Topic 815), Derivatives and Hedging, which have similar requirements for reporting derivative exposure, risk exposure, market value and income related to derivative contracts.

In addition, updates to Financial Accounting Standards Board (FASB) Statement No. 157 (Topic 820), Fair Value Measurement, and FASB Statement No. 132R-1 (Topic 715), Employers’ Disclosures about Postretirement Benefit Plan Assets, and International Financial Reporting Standards (IFRS) 7, Financial Instruments: Disclosures, outline similar roadmaps for reporting fair value levels and level turnover within a portfolio.

BNY Mellon Asset Servicing has made the necessary developments to support clients with these regulatory changes for 2010, including transfers in and out of levels one and two in support of fair value reporting and support of IFRS 7 fair value level disclosure. “We continue to invest in our technology platform to assist our clients with the changing regulatory environment,” said Dan Wywoda, head of global product management for BNY Mellon Asset Servicing.

The enhancements also help clients view derivative contracts across all of their portfolios and accounts in aggregate or individually. “This goes beyond helping them comply with the new regulations,” said Chris Richmond, managing director of global product accounting for BNY Mellon Asset Servicing. “It assists them in day-to-day reporting and accessing information in their accounts about the underlying securities, transparency of reference data from contracts, counterparty exposure, independent market values provided by a variety of vendors, and performance and risk analytics on these derivative types.”

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: The ROI of Data Trust: Quantifying the Business Value of Data Observability

Date: 8 July 2026 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Data is the fuel that keeps modern financial institutions’ motors running but if that data can’t be trusted then the decisions made based upon it, or the uses to which its put, will be compromised. That’s especially important for...

BLOG

Data as a Product: From Collection to Control in Modern Markets

For much of the past decade, data strategy in capital markets focused on accumulation. Firms invested heavily in market data feeds, alternative datasets, data lakes, and analytics platforms. Yet despite this abundance, many organisations have still struggled to answer basic operational questions with confidence, particularly during periods of market stress. The problem is no longer...

EVENT

Eagle Alpha Alternative Data Conference, Fall, New York, hosted by A-Team Group

Now in its 8th year, the Eagle Alpha Alternative Data Conference managed by A-Team Group, is the premier content forum and networking event for investment firms and hedge funds.

GUIDE

AI in Capital Markets Handbook 2026

AI adoption in capital markets has moved into a more disciplined phase. The priority is now controlled deployment: where AI can be used safely, where it can deliver measurable value, and how outputs can be governed, monitored and evidenced. The 2026 edition of the AI in Capital Markets Handbook examines how AI is being applied...