Market Overview

Northern Trust: Data Optimization is Top Priority to Help Institutional Investors Benefit from Regulatory Change

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White paper series with Economist Intelligence Unit focuses on
data-driven solutions

The introduction of two major data-related regulations in 2018 changes
how institutional investors and their financial services providers will
manage their data needs and optimize their use of data going forward,
according to new white paper sponsored by Northern Trust. The paper, Navigating
Regulatory Shifts with Better Data
, is one in a series of
thought leadership pieces from Northern Trust in conjunction with The
Economist Intelligence Unit.

The white paper reviews a slew of global regulations, led by the
implementation of Markets in Financial Instruments Directive II (MiFID
II) and the General Data Protection Regulation (GDPR) in the first half
of 2018, both of which impose stringent record-keeping, data management,
privacy and transparency requirements on many participants in financial
markets.

"Whilst compliance with legislation is paramount, the benefits of an
effective data management strategy go well beyond regulatory
compliance," said Penelope Biggs, Chief Strategy Officer for Corporate &
Institutional Services at Northern Trust. "Both investors and financial
services providers have the potential to reap significant rewards from a
service, capability and reputational standpoint."

According to the white paper, the opportunity to capitalize on
regulatory change is truly global. While MiFID II and GDPR were
legislated in the EU they apply to organizations that conduct business
in Europe from other jurisdictions. Regulatory changes in other markets
like Australia, Canada, China, Singapore, South Korea and United States
will present additional challenges and opportunities.

"It is this need for data-driven regulatory solutions across the globe
that has inspired Northern Trust to dedicate significant resources
toward building an extensive range of services to support clients in
this area," said Biggs. "Our services range from transaction reporting
(for EMIR, MIFID II and ASIC) and tax reporting (FATCA, CRS), to
regulatory reporting (Solvency II, FTK, RG 97, NPORT) and cost
transparency reporting (transaction cost reporting for MIFID II and
PRIIPs). As this white paper shows, the need for data-driven regulatory
solutions isn't going away so we are working hard to help our clients
achieve the best possible operational and commercial results from
managing their data."

Northern Trust's white paper series is designed to provide clients with
constructive solutions to pressing data management challenges.
Forthcoming papers in the series will focus on governance, predictive
analytics and artificial intelligence. To read this month's paper that
highlights data management and regulations like GDPR and MIFID II, click here.

About Northern Trust

Northern Trust Corporation (NASDAQ:NTRS) is a leading provider of
wealth management, asset servicing, asset management and banking to
corporations, institutions, affluent families and individuals. Founded
in Chicago in 1889, Northern Trust has offices in the United States in
19 states and Washington, D.C., and 23 international locations in
Canada, Europe, the Middle East and the Asia-Pacific region. As of June
30, 2018, Northern Trust had assets under custody/administration of
US$10.7 trillion, and assets under management of US$1.1 trillion. For
more than 125 years, Northern Trust has earned distinction as an
industry leader for exceptional service, financial expertise, integrity
and innovation. Visit northerntrust.com
or follow us on Twitter @NorthernTrust.

Northern Trust Corporation, Head Office: 50 South La Salle Street,
Chicago, Illinois 60603 U.S.A., incorporated with limited liability in
the U.S. Global legal and regulatory information can be found at http://www.northerntrust.com/disclosures.

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