HSBC, RBS and SG to offer delegated reporting

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Royal Bank of Scotland (RBS), 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