Users: Change in Firms' Internal Practices Required for Improved Standardization

LONDON - Firms are increasingly re-thinking the approach to industry-wide business entity standards, but they need to change internal practices before the level of standardization will improve, according to speakers at the Marcus Evans Reference Data in Banking conference in London in February.

Firms currently use internal proprietary identifiers, and there has typically been a lack of willingness to change existing practices. This could now change following the financial crisis. London-based Se