Asia warned of LEI crunch over Mifid II deadline

Tens of thousands more Asian LEIs needed to avoid European trading lock-out in January

issuance crunch
Asian counterparties warned of dangers of last-minute rush for LEI

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

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