Short-Term Pain, Long-Term Gain

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In the run-up to the introduction of European Market Infrastructure Regulation (EMIR) reporting requirements for futures, options and over-the-counter derivatives trades, the inclusion of the legal entity identifier (LEI) has come to be seen by many of those affected simply as a burden.

As data management practitioners rush to implement tactical solutions for the EMIR deadline, it has become easy to lose sight of the long-term advantages of the identifier, and even the best-prepared market parti