Banks Should Mandate LEI Themselves, Paris Delegates Told
Global banks should require their clients to register for legal entity identifiers (LEI) rather than waiting for regulators to mandate the use of the identifier, delegates at this week's Paris Financial Information Summit have been told.
The LEI project has so far been driven by regulators. However, during a panel discussion about the identifier, Tim Lind, Thomson Reuters' global head of legal entity and corporate actions, enterprise content, said banks could help to achieve widespread usage of
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