HSBC, RBS and SG to offer delegated reporting
The trio join five other banks in offering to report clients' trades to a trade repository on their behalf
Royal Bank of Scotland, HSBC and Société Générale are the latest dealers to confirm that they will offer delegated trade reporting services to their clients in time for the start of mandatory reporting in Europe on February 12.
The trio join BNP Paribas, Citi, Credit Suisse, Lloyds and UBS, which have all confirmed they will offer to report their counterparty's side of the trade direct to a trade repository. Barclays and Nomura are still considering providing the service, while Bank of America
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