LEI Benefits Will Take Longer, Data Provider Exec Says
Benefits from implementing the legal entity identifier (LEI) are likely to be longer term, not short-term, according to Denis Sweeney, general manager at Interactive Data Japan, who spoke on a panel covering the Japanese regulatory landscape at the Tokyo Financial Information Summit.
"It will be like an ISIN code," says Sweeney. "Firms will be talking the same language on counterparty data. That may take a few years to kick in, but it will. LEI counterparty hierarchy, the input to the evaluated
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