Five banks, including Barclays, BNP Paribas, Goldman Sachs and HSBC, have joined forces to mitigate interpretation and implementation errors in position
Goldman Sachs joins consortium for securities position reporting americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.
Goldman, HSBC join forces with other banks on client disclosures inquirer.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from inquirer.net Daily Mail and Mail on Sunday newspapers.
Goldman Sachs, HSBC, Barclays, BNP Paribas, and other banks are developing a tool to disclose clients stock positions, aiming to minimise under-reporting risks. The initiative, called Endoxa, is the first bank-led consortium to tackle global rules on disclosure reporting. b
Major global banks, including Goldman Sachs Group, Inc. (NYSE: GS) and HSBC Holdings, Plc (NYSE: HSBC), are joining hands to usher in a unified method of revealing clients' stock positions.