Preparing for Change


Many questions relating to reference data are up in the air right now. The shortlist includes: What will be the specific rules impacting the industry once someone is named to lead the Office of Financial Research (OFR)? What will be the format of the legal entity identifier (LEI)? How will the European Central Bank and the OFR normalize rules and practices? Who will be the custodian of the LEI?

Once those questions are answered, the next lot will be raised: What will be the impact of a common

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