Bank-led consortium takes aim at position reporting

Interpreting regulatory requirements is often challenging. Even for regulations that are similar in nature—say, rules for position reporting disclosures—more than 100 jurisdictions have different ways of presenting their requirements. And often, how they’re interpreted is left to the complying institution. 

This presents a risk to those institutions, says Pete Chisholm, head of regulatory management and entity solutions at Goldman Sachs. He says regulators’ function is to regulate the markets