HSBC - Major Banks Unite For Transparent Stock Position Disclosures Striving for Global Uniformity: Report | Benzinga
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. This collaborative effort aims to enhance transparency and diminish associated expenses.
Together with Barclays PLC (NYSE: BCS), BNP Paribas (OTC: BNPQY), and another undisclosed bank, the consortium is developing an instrument to mitigate the potential dangers of under-reporting, particularly when investors make so-called short bets or build stakes using ...