We’ve been here before: LEIs take two

LEIs are catching on in Asia

Having a universal 20-digit alphanumeric code that identifies financial transactions anywhere in the world is a smart idea. Europe has been right to push Asian markets in this direction.

The issue over Legal Entity Identifiers has resurfaced because of a new piece of European legislation, which, from April 2020, will compel European banks and asset managers to start reporting the details of all securities-financing transactions for repositories, including details of counterparty LEIs.


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