As a solution for a lingering data problem in the financial industry, the legal entity identifier (LEI), which has been hotly debated and thoroughly discussed over the past year, has its limitations, as Peter Warms, global head of open symbology at Bloomberg, sees it.
“When the LEI is first assigned to an entity, it is not automatically linked to instruments an entity may own,” he says. “Thus, using the LEI alone will not allow firms to perform instrument-exposure risk analysis. Nor will the LEI
Jesse Lund talks about real uses for DLT in the capital markets, lessons learned while rolling out IBM's blockchain platform, and what’s ahead for 2018, and into 2019.Subscribe to Weekly Wrap emails