Creating Business Value with the LEI
The Global Legal Entity Identifier Foundation (GLEIF) hosted a webinar last Thursday (16 November) to highlight and discuss progress in LEI reporting and supervision. This provided another opportunity to remind market participants to obtain an LEI in readiness for the European Union revised MiFID II mandate. With less than two months before the MiFID II regime (“No LEI, No Trade“) kicks in, the GLEIF is keen to press home the importance of this regulatory change. MiFID II will apply from 3 January, 2018 onwards. The use of LEIs to help identify counterparties and customers by financial institutions and corporates has the potential to save industry extraordinary sums. Need to get your head around what the LEI does today and what it can do tomorrow? A full video of the webinar can be viewed here and the slides here.