Clearwater Analytics Helps FAS 157 Regulation Compliance

Clearwater Analytics has enhanced its platform to automate and facilitate compliance with US Financial Accounting Standards Board (FASB) Rule 157 guidelines. The enhancements provide organisations with the necessary tools to define, measure, manage and report fair value security level classifications and to meet disclosure requirements.

According to FAS 157 guidelines, organisations must assign a fair value measurement standard to all investment securities. Additionally, organisations must disclose fair value measurement classification footnotes in financial statements to clarify the valuation method assigned to assets. With Clearwater Analytics’ FAS 157 functionality, investment professionals can:

• Efficiently assign Level 1, 2 and 3 fair value classification standards.
• Generate a FAS 157 disclosure matrix for financial statements.
• Create roll-forward reporting for Level 3 securities.
• Simplify auditing of fair-value measurement classifications.

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