Global securities reporting: Industry trends, challenges and future perspectives

Abstract

Prior to the financial crisis of 2008, inter­national regulatory policy
tended to promote the need for more efficient and stronger securities
markets; however, the crisis underlined the need to find a balance between
efficiency and safety. It also revealed problems arising from a lack of
transparency, which has since led to a recalibration of regulatory
objectives. As a result of this shift in policy objectives, reporting
requirements have become a key component of much current and forthcoming
regulation. This paper looks at the effects that regulatory reforms will have
on two key reporting mechanisms: regulatory reporting and intermediated
securities reporting. It outlines the challenges that lie ahead and explains
how global standards are needed to harmonise requirements and improve the
transparency of intermediated holding models across jurisdictions.