Custodians continue to step into the provision of ESG transparency and insight to meet growing demand from their clients.
The implementation of the Broadridge system will allow MUFG to manage all aspects of its loan administration functions and enhance service efficiencies.
The rise comes less than a month before sell-side firms will be required to report their trades under SFTR.
The portal is underpinned by API technology, which the bank has been rolling out across its wider securities services business.
The dual mandate expands U.S. Bank’s current service offering with Carlyle, which manages more than $25 billion in CLOs domestically and in Europe.
National authorities are not expected to enforce the reporting obligations under SFTR as until 13 July 2020.
Despite calls for a delay to the securities finance regulation, service providers push forward with client testing.
The stance from three of the world's largest pension funds could spark an opportunity for service providers to help other asset owners more effectively incorporate ESG factors into investing.
DTCC confirmed it has now onboarded Citadel, Franklin Templeton, Nordea Investment Management and PIMCO to its SFTR reporting service.
The appointment is the latest in a string of moves by Citi to upgrade its middle-office platform for asset managers.