RBC Dexia Investor Services has launched a new risk disclosure service specifically tailored to help Canadian pension plans meet the risk disclosure requirements of the Canadian Institute of Chartered Accountants, RBC Dexia announced Wendesday.
CICA 3862 stipulates that audited financial statements of Canadian pension plans must incorporate information on the risk arising from financial instruments to which the plans are exposed.
Developed by RBC Dexia’s risk and investment analytics group, the new risk disclosure service aggregates risk exposure information at the plan level and provides data on the required risk areas detailed in the CICA 3862 guideline.
“The rules are changing and RBC Dexia is providing a nimble and cost-effective solution to help ensure our clients’ pension plans are meeting their disclosure requirements,” said Fay Coroneos, head, risk and investment analytics, for RBC Dexia.
“In addition to the disclosure obligations, this service will also provide our clients with valuable input on their overall risk management and plan oversight.”
This new service includes required risk disclosures on credit risk exposure based on agency ratings; liquidity risk determined by the “term-to-maturity” of portfolio holdings; i nterest rate sensitivity of fixed income assets based on the impact of parallel yield curve movement; foreign currency exposure and the effect of exchange rate movements; and asset sensitivity to relevant market indices.
IE
RBC Dexia introduces risk disclosure service to help pensions meet CICA requirements
Service aggregates risk exposure information at the plan level
- By: IE Staff
- April 14, 2010 October 31, 2019
- 09:22