OFR's LEI Cost Stance Requires Further Clarification, According to Experts


Last December, the Department of the US Treasury's Office of Financial Research (OFR) released the Statement on Legal Entity Identification for Financial Contracts, an official stance on the need for a universal system for identifying legal entities in the industry, and a call for market participants to take part in the consultation period due to be completed by January 31.

As the deadline approaches, discussions have turned to the areas firms and industry bodies are looking to focus on in t

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