Mitigating Risk, Improving Efficiency
The GMEI Utility and MiFID II, an Update with Eugene Ing
LEIs: Asia Following the Rest of the World
DTCC’s LEI Service, GMEI Utility; Awarded GLEIF Accreditation
Nellie Dagdag, DTCC Managing Director of Sales and Solution Delivery, Asia Pacific, explains legal entity identifiers (LEI), their function and benefits in the financial services industry, and how Asian firms are responding to the extended registration deadline.
What is an LEI and what function does it have in financial markets?
Why is it important to discuss LEIs now? What risks are there for firms in Asia that do not adopt LEIs?
For those companies that do not trace with a European counterparty or trade European securities, how will LEIs benefit them?
What are the concerns with the MiFID II deadline? How are firms in Asia responding to the extended deadline given by ESMA to obtain LEIs?
For companies that have yet to register for LEIs, what steps do they need to take before ESMA’s deadline?