Asia warned of LEI crunch over Mifid II deadline

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

Blake Evans-Pritchard
04 Sep 2017

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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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