Mitsubishi UFJ Financial Group (MUFG) has selected AxiomSL’s 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’s 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’s ControllerView data management platform for their risk and regulatory data and reporting activities.
Gaurav Chandra, global product manager of GSD at AxiomSL, explained: “As one of the world’s 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.”
“Amid 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.”
