Thousands of counterparties in Asia are being warned they risk being unable to trade with global banks from January 2018 if they wait until the last moment to acquire a legal entity identifier (LEI).
“There is no guarantee that if one waits until year-end to get an LEI, you will be able to get it,” says Steven Meizanis, head of entity content management at Bloomberg, which is a local operating unit (LOU) licensed to issue LEIs. “The volume will be dramatically increasing over the next few
- Fund-linked structured products face extinction under FRTB
- People moves: Barclays’ investment bank chief exits, Citi president to retire, Vos promoted at BNY Mellon, and more
- China Minsheng and SocGen team up for quant index product
- Banks rethink fund-linked trades ahead of FRTB
- Lack of buy-side repo backstop a concern – Citi repo head