SIFMA's Strongin and Price explain the benefits of LEIs

David Strongin and Tom Price, managing directors at SIFMA, discuss how the legal entity identifier system could enhance market stability by helping companies measure counterparty exposure and providing a tool to regulators to improve systemic risk monitoring. Strongin and Price explain the progress being made on the system, how it differs from the current system of identifying legal entities and how it could save companies millions. Legal entity identifiers will be discussed at SIFMA's 39th Annual Operations Conference and Exhibit.

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