PR85112

TOKYO and NEW YORK, Aug. 13, 2020 /PRNewswire=KYODO JBN/ --

-- Cloud-based solution to deliver automated shareholding disclosure monitoring

and reporting in over 80 jurisdictions

AxiomSL (https://c212.net/c/link/?t=0&l=en&o=2884240-1&h=1753963481&u=https%3A%2F%2Fwww.axiomsl.com%2F&a=AxiomSL ),

the industry's leading provider of risk and regulatory reporting solutions,

today announced an agreement with Mitsubishi UFJ Financial Group

(https://c212.net/c/link/?t=0&l=en&o=2884240-1&h=2836726393&u=https%3A%2F%2Fwww.mufg.jp%2Fenglish%2Findex.html&a=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 (https://c212.net/c/link/?t=0&l=en&o=2884240-1&h=3047515800&u=https%3A%2F%2Faxiomsldevel.wpengine.com%2Fshare-ownership-solutions%2F&a=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.

Logo - https://mma.prnewswire.com/media/1093660/AxiomSL_Logo.jpg 

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(R)

(https://c212.net/c/link/?t=0&l=en&o=2884240-1&h=2740658486&u=https%3A%2F%2Fwww.axiomsl.com%2Fregcloud-secure-cloud-offering-regulatory-reporting%2F&a=RegCloud%C2%AE ),

which enables financial institutions to benefit from AxiomSL's ControllerView(R)

(https://c212.net/c/link/?t=0&l=en&o=2884240-1&h=4239820974&u=https%3A%2F%2Fwww.axiomsl.com%2Fcontrollerview-data-management-data-analytics-platform%2F&a=ControllerView%C2%AE ) 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: john@jroderick.com

Shamira Alidina

Media Relations Director, Dina Communications

Tel +44 (0) 7801 590718

Email: shamira@dinacomms.com

Francine Gittins

Global Head of Marketing and Communications, AxiomSL

Tel: +1 212 248 4188

Email: fgittins@axiomsl.com

SOURCE  AxiomSL