Prediction and Preparation
While the Financial Standards Board and the G-20 are expected to ratify a 20-character legal entity identifier (LEI) in June, participants in our December webcast, and the panelists themselves, said they expect full implementation to stretch well into 2013 or 2014. They were also somewhat divided over how much benefit LEI will yield for risk management and data quality.
Firms should budget for LEI work in 2012, according to Matthew Bastian, director of market and business development at Cusip
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