Consortium of Five Global Banks Launches Droit-Supported Position Reporting Utility.
BANKING AND CREDIT NEWS-September 25, 2023-Consortium of Five Global Banks Launches Droit-Supported Position Reporting Utility
(C)2023 M2 COMMUNICATIONS http://www.m2.co.uk
UK-based Endoxa, a consortium of five financial institutions including Barclays, BNP Paribas, Goldman Sachs and HSBC, will collaborate to develop a Position Reporting Utility and are pleased to select Droit as the technology provider, the consortium said.
Global position reporting rules require market participants to report securities holdings to regulatory bodies; a process that is complex, time consuming and creates duplicative effort across the industry.
The aim of the newly-established Position Reporting Utility...
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