SmartStream: Legal Entity Identifiers (Leis) – There’s More To Les Than Meets The I
In the wake of the Credit Crisis, firms are under pressure to reduce systemic risk, in part through the improvement of their view of counterparty risk. Regulatory impetus has led to the development of a standard global identifier for legal entities – the LEI – aimed at addressing the lack of market information about counterparties and issuers.
At the same time, firms are seeking to reduce their operating costs in response to the ongoing indifferent economic climate. With regulatory
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