Asset Oversight Services Participates in FDIC Panel on Investor Transparency

Broesder Expresses Need for a Universal Solution for Level 1, 2 and 3 Assets

Oct 07, 2009, 10:00 ET from Asset Oversight Services

NORWALK, Conn., Oct. 7 /PRNewswire/ -- Asset Oversight Services (AOS) addressed executives of the FDIC, SEC and other guests at Monday's workshop on how current technology solutions could promote transparency, hosted by the Federal Deposit Insurance Corporation.

Brian Broesder, President of AOS, discussed the common misconception that data compilation and transparency are synonymous. "Transparency as a concept is close to meaningless unless investors have access to the right analytical tools," he said. "Compiling relevant data is a critical step, but does not automatically provide investors with the insight and context to make intelligent decisions."

Following the panel discussion, Broesder noted that many major banks and other institutional investors hold a mix of assets from broadly traded equities to illiquid, exotic securities, and are concerned by the risk exposures of individual assets and multiple portfolios. "These investors require a universal transparency solution that delivers applicable data on both liquid and illiquid assets and allows for customized analysis, modeling and risk reporting," he added.

The aim of the FDIC workshop was to determine standards for transparent financial reporting by corporate and government entities and harmonize best practices and standards. The workshop was co-sponsored by XBRL International, Inc. and W3C.

About Asset Oversight Services

AOS is a Norwalk, Connecticut-based financial research and advisory firm that helps clients manage liquid and alternative assets efficiently, knowledgeably and actively through its scalable technology platform and team of financial professionals. AOS enables its clients to quickly aggregate and distill complex information across a full range of disparate assets and investments, from equities to esoteric alternative credit, into customized and relevant transparency reports. For more information about AOS, please visit

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