LEI Accuracy Still an Issue for Regulators, Say Groups

How to ensure the accuracy of the 20-character legal entity identifier (LEI) that will be used to track all financial institution trades remains one of the outstanding issues regulators must address in a global LEI system, industry officials said.

Ensuring the accuracy of the LEI is especially important when a firm changes names, merges or shuts down, said Tom Price, managing director of the Securities Industry and Financial Markets Association, in an interview.

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