LEI, Other New Rules Create Entity-Centric Data Management

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The ongoing story of implementation of compliance with the legal entity identifier (LEI) standard, Basel III, Solvency II and the US Foreign Account Tax Compliance Act (Fatca) is transforming data management for the financial industry as a whole into an entity-centric rather than securities-centric proposition, according to Tim Lind, global head of legal entity content at Thomson Reuters, who has authored a white paper entitled Legal Entity Data: Mapping The Corporate Genome.

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