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State Street has strengthened its derivative servicing capabilities with a number of new enhancements. The enhancements will help clients prepare for pending regulatory changes impacting the derivatives industry. The firm recently introduced new Government Accounting Standards Board (GASB) reporting services designed to help public pension funds comply with the GASB Statement Number 53, Accounting and Financial Reporting for Derivatives Instruments. The new GASB requirements are aimed at providing a better understanding of the nature of derivative transactions as well as their associated risks.
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