Business Entity Data special report
Click here to download the PDF
Cautious Optimism
Hearing from experienced end-user firm data managers and data services providers for this special report on business entity data, we find a mostly optimistic outlook about the implementation of the legal entity identifier (LEI), which has dominated recent discussions about business entity data as a whole.
CIBC's Allie Harris uses precisely those words- "cautiously optimistic"-in her response to our Virtual Roundtable questions. She sees the LEI administrators' work moving forward, as do colleagues sych as DTCC's Ron Jordan, who points to the 90,000 CICI interim LEI identifiers issued so far. HSBC's Lorraine Waters calls the level of recognition for the need for consistent and standardized identification of market participants "encouraging."
Overall, our Virtual Roundtable participants say there is greater support and awareness for business entity data projects than there once was, and higher-level executives are spending more time on them than they have done previously. There are a few caveats, although at this time they seem to be minor ones. HSBC's Waters sounds a note we've heard before-that there are too many administrative bodies and interested parties involved in how the LEI is implemented. SIX Financial Information's Darren Marsh says the LEI is not a "silver bullet" that will solve all data quality issues, but a good first step. And although Deloitte & Touche's Sam Auxier says entity identifiers aren't adding a lot of value yet, he does see momentum increasing for their use.
While optimism is high that implementation of the LEI will be an improvement for business entity data, some concerns remain. At this stage, however, it appears they will not undermine its completion.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Data Management
An inside look: How AI powered innovation in the capital markets in 2024
From generative AI and machine learning to more classical forms of AI, banks, asset managers, exchanges, and vendors looked to large language models, co-pilots, and other tools to drive analytics.
As US options market continued its inexorable climb, ‘plumbing’ issues persisted
Capacity concerns have lingered in the options market, but progress was made in 2024.
Data costs rose in 2024, but so did mitigation tools and strategies
Under pressure to rein in data spend at a time when prices and data usage are increasing, data managers are using a combination of established tactics and new tools to battle rising costs.
In 2025, keep reference data weird
The SEC, ESMA, CFTC and other acronyms provided the drama in reference data this year, including in crypto.
Asset manager Saratoga uses AI to accelerate Ridgeline rollout
The tech provider’s AI assistant helps clients summarize research, client interactions, report generation, as well as interact with the Ridgeline platform.
CDOs evolve from traffic cops to purveyors of rocket fuel
As firms start to recognize the inherent value of data, will CDOs—those who safeguard and control access to data—finally get the recognition they deserve?
It’s just semantics: The web standard that could replace the identifiers you love to hate
Data ontologists say that the IRI, a cousin of the humble URL, could put the various wars over identity resolution to bed—for good.
The art of communication: Data pros need better messaging
As the CDO of a tier-one bank puts it, when there’s an imbalance in communication between the data organization and the business (much less other technology heads) “that creates problems.”
