The logo for Goldman Sachs is seen on the trading floor at the New York Stock Exchange (NYSE) in New York City, New York, U.S., Nov 17, 2021. REUTERS/Andrew Kelly/File photo LONDON – Goldman  Sachs and  HSBC  are among a group of five  banks  adopting a common global approach to disclosing  client s' stock positions, a move which participants say could help cut costs and bolster transparency. The group, which also includes Barclays, BNP Paribas and one  other  bank, is working on a tool to minimize the risks of under-reporting, particularly when investors make so-called short bets or build stakes using derivatives, two sources told Reuters.

https://business.inquirer.net/423047/goldman-hsbc-join-forces-with-other-banks-on-client-disclosures

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