MUFG selects AxiomSL to automate daily equity position monitoring and reporting globally

Mitsubishi UFJ Financial Group (MUFG) is 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 standardisation 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 standardise 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," says 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 harmonisation 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.