The industry initiative to develop and promote a standard global legal entity identifier (LEI) is expected to significantly reduce the opacity associated with complex financial instruments, widely acknowledged to be a major contributing factor in the 2008 credit crisis.
In this white paper, Bloomberg explains the implications of the emerging LEI for financial institutions, and outlines how it is embracing the new standard to help clients better understand the entities whose instruments they trade and hold (like mapping of LEI to Blombergs numeric BUID, etc.)
Source: A-TEAM 28.06.2012
Filed under: Data Management, Reference Data, Standards, A-TEAM, Bloomberg, BUID Bloomberg Identifier, Business Identifyer, Counter Party, Data Classification, Data Vendors, Identifiers, LEI Legal Entity Identification, Reference Data, Symbology
