Analysis: Financial firms and groups make progress on LEI

09/23/2011 | Securities Technology Monitor

Tom Price, managing director of operations and technology at SIFMA, discusses the progress that a coalition of financial firms and industry association has made in developing a legal-entity identifier system. "We are committed to working with regulators and supervisors globally to develop this essential new LEI tool to help measure and monitor systemic risk and counterparty risk, as well as help institutions achieve operational efficiencies," Price writes.

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