Mifid redux? Esma insists on LEIs for repo collateral
Mifid-style ruling will bar firms from using securities without identifiers in financing transactions
European regulators are turning to an old trick to boost the adoption of legal entity identifiers (LEIs) – a ‘barcode for finance’, designed to improve trade reporting.
Less than two years after it banned European firms from trading with counterparties that did not have LEIs, the European Securities and Markets Authority is taking a similarly hard line with securities financing transactions (SFTs
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