MUFG selects AxiomSL for shareholding disclosure solution
14 August 2020 Tokyo
Image: Nataliya Hora - stock/Adobe.com
Mitsubishi UFJ Financial Group (MUFG) has selected AxiomSL鈥檚 global shareholding disclosures (GSD) solution to automate daily equity position monitoring and reporting.
The cloud-based solution will be implemented in over 80 jurisdictions for the global financial services group to help meet its shareholding disclosure requirements.
Regulators can require market participants to disclose specific accumulations of substantial shareholding in an issuer or security, investment in a sensitive industry, involvement in a takeover bid, or engagement in short selling.
Located on the RegCloud platform, AxiomSL鈥檚 GSD solution automates, consolidates and aggregates the monitoring and reporting threshold breaches, which allows firms to standardise their processes and defend audits.
The cloud platform also allows MUFG access to AxiomSL鈥檚 ControllerView data management platform for their risk and regulatory data and reporting activities.
Gaurav Chandra, global product manager of GSD at AxiomSL, explains: 鈥淎s one of the world鈥檚 largest banking institutions with equity investments globally, MUFG is a prime example of the type of firm that will benefit enormously by automating its shareholding monitoring and reporting compliance processes in the cloud.
鈥淎mid the heightened volatility that has accompanied the COVID-19 pandemic, equity investments are attracting more scrutiny than usual, making this an opportune time to implement a cloud-based solution that scales globally and adjusts instantly to changes in investment thresholds.鈥�
The cloud-based solution will be implemented in over 80 jurisdictions for the global financial services group to help meet its shareholding disclosure requirements.
Regulators can require market participants to disclose specific accumulations of substantial shareholding in an issuer or security, investment in a sensitive industry, involvement in a takeover bid, or engagement in short selling.
Located on the RegCloud platform, AxiomSL鈥檚 GSD solution automates, consolidates and aggregates the monitoring and reporting threshold breaches, which allows firms to standardise their processes and defend audits.
The cloud platform also allows MUFG access to AxiomSL鈥檚 ControllerView data management platform for their risk and regulatory data and reporting activities.
Gaurav Chandra, global product manager of GSD at AxiomSL, explains: 鈥淎s one of the world鈥檚 largest banking institutions with equity investments globally, MUFG is a prime example of the type of firm that will benefit enormously by automating its shareholding monitoring and reporting compliance processes in the cloud.
鈥淎mid the heightened volatility that has accompanied the COVID-19 pandemic, equity investments are attracting more scrutiny than usual, making this an opportune time to implement a cloud-based solution that scales globally and adjusts instantly to changes in investment thresholds.鈥�
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to 麻豆传媒 Finance Times
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to 麻豆传媒 Finance Times
