The initiative to uniquely identify financial counterparties according to the proposed Legal Entity Identifier (LEI) standard (ISO 17442) is hitting its stride as many key milestones are looming and as financial services firms refine plans and budgets for the reference data overhaul mandated by regulators. In the US, regulators have compelled the industry to create… Read More >>
Report from the LEI Front Lines
I have to start off by saying that I believe that it’s very important for the global financial industry to develop and implement effective solutions quickly for better managing its risks, and that having a system for uniquely identifying participants in financial markets is critical to such solutions. However, it’s not clear that the approaches… Read More >>
FTF’s Top Trends for Operations in 2012, Part 1
While we at FTF think that 2011 was “The Year of Waiting,” it’s likely that 2012 will see a lot more movement for middle and back office operations. In fact, as the new Dodd-Frank regulations take effect, particularly for the over-the-counter (OTC) derivatives markets, revamping and updating the middle and back offices will take center… Read More >>
Q&A: SWIFT’s Goodenough says the LEI Push Is ‘Like Birthing a Baby’
FTF News recently got a rare chance to sit down with Dennis E. Goodenough III, senior business manager, securities initiatives at the financial messaging services cooperative SWIFT. Goodenough provides insight on SWIFT’s role in the legal entity identifier (LEI) and ISO 20022 standards efforts, and SWIFT’s FX Trade Repository initiative—important industry issues that were detailed… Read More >>
