Saturday, Apr 20 2024 | Time 13:19 Hrs(IST)
image
Business EconomyPosted at: Aug 13 2020 11:02AM


Mitsubishi UFJ Financial Group (MUFG) Selects AxiomSL To Automate Daily Equity Position Monitoring And Reporting Globally

TOKYO and NEW YORK, Aug. 13, 2020 /PRNewswire/ -- AxiomSL, the industry's leading provider of risk and regulatory reporting solutions, today announced an agreement with Mitsubishi UFJ Financial Group (MUFG), a leading global financial services group and one of the largest banking institutions in Japan, to implement AxiomSL's Global Shareholding Disclosures solution. Under the agreement, AxiomSL will provide cloud-based, automated daily position monitoring and reporting to help MUFG meet shareholding disclosure requirements across its global footprint.

Regulators in more than 100 jurisdictions require market participants to make specific disclosures when they accumulate a substantial shareholding in an issuer or security, invest in a sensitive industry, become involved in a takeover bid, or engage in short selling. However, there is little standardization of rules; each regulatory authority enforces shareholding monitoring and disclosure requirements with its own unique nuances, creating a significant compliance challenge for global financial institutions. AxiomSL's Global Shareholding Disclosures solution automates the process of monitoring and reporting threshold breaches, which enables firms to standardize their processes and defend audits.
"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," said Gaurav Chandra, Global Product Manager, Global Shareholding Disclosures, AxiomSL. "Amid the heightened volatility that has accompanied the COVID-19 crisis, 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. We look forward to working closely with MUFG to implement best-in-class automated global shareholding monitoring and reporting."
MUFG will implement the solution on AxiomSL's RegCloud®, which enables financial institutions to benefit from AxiomSL's ControllerView® data management platform for their risk and regulatory data and reporting initiatives while harnessing the power of the cloud.
The solution enables MUFG to consolidate and aggregate reporting across its complex global entity structure and strengthens its ability to comply with detailed requirements in each jurisdiction. The solution's approach to data harmonization also enables MUFG to apply a consistent, rules-based framework for aggregating and disaggregating equity holdings on a firm-wide basis. Further, AxiomSL's end-to-end Global Shareholding Disclosures solution delivers unique user-focused dashboards that provide desk-level monitoring of equity thresholds.
About AxiomSL
AxiomSL is a global leader in risk analytics, data-management, and regulatory-reporting solutions. Leveraging more than 25 years' experience, AxiomSL combines its deep industry experience and intelligent data-management platform to deliver solutions and services around regulatory and risk reporting, liquidity, capital and credit, operations, trade and transactions, and tax analytics. Its client base spans regional and global financial institutions with more than $43 trillion in total assets and investment managers with more than $11 trillion in assets under management. Its coverage encompasses more than 110 regulators across 55 jurisdictions.
For more information, visit www.axiomsl.com
Contact us
John Roderick
President, J. Roderick Public Relations
Tel: +1 631 584 2200
Email: [email protected]
Shamira Alidina
Media Relations Director, Dina Communications
Tel +44 (0) 7801 590718
Email: [email protected]
Francine Gittins
Global Head of Marketing and Communications, AxiomSL
Tel: +1 212 248 4188
Email: [email protected]
(Disclaimer--Features may vary depending on the regions; subject to change without notice.)
Please log in to get detailed story.
Tags: #Mitsubishi UFJ Financial Group (MUFG) Selects AxiomSL To Automate Daily Equity Position Monitoring And Reporting Globally
More News

"CSIR-IICT and BHEL partners to advance clean fuel technology: MoU signed on CO2 to DME"

19 Apr 2024 | 7:23 PM

Hyderabad, April 19 (UNI) The Council of Scientific and Industrial Research-Indian Institute of Chemical Technology (CSIR-IICT) and Bharat Heavy Electricals Limited (BHEL) Corporate R&D have forged a partnership to develop technology for capturing and converting carbon dioxide (CO2) to Dimethyl Ether (DME) through direct catalytic conversion.

see more..

Amara Raja Infra Wins Greenko’s 700MWp solar project in AP

19 Apr 2024 | 6:41 PM

Hyderabad, Apr 19 (UNI) Amara Raja Infra Private Limited (ARIPL), part of the $1.75 billion Amara Raja Group, on Friday announced it has secured a solar BoS (Balance of System) project of 500MW/700MWp from Greenko.

see more..
Sensex recovers 600 points on heavy buying on last day of week

Sensex recovers 600 points on heavy buying on last day of week

19 Apr 2024 | 5:34 PM

Mumbai, April 19 (UNI) Snapping a losing streak of last four sessions, the BSE Sensex on Friday bounced back 599.34 points to close at 73088.33 on expectation of minimal escalation of tension between Israel and Iran.

see more..

19 Apr 2024 | 5:24 PM

Mumbai, Apr 19 (UNI) IT major Wipro on Friday reported 7.80% year-on-year dip in consolidated net profit at Rs 2,834.6 crore for January-March quarter (Q4) of the financial year 2023-24.

see more..
Rupee up 8 paise against USD

Rupee up 8 paise against USD

19 Apr 2024 | 5:05 PM

Mumbai, April 19 (UNI) The Rupee on Friday ended positive at 83.47, rising 8 paise against the USD on selling US Dollar by bankers and exporters, dealers at the Foreign exchange said.

see more..
image