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Banks Could Save $150M via LEIs: McKinsey Report

October 26, 2017 by Lynn Strongin Dodds

Banks Could Save $150M via LEIs: McKinsey Report

The global adoption of Legal Entity Identifiers (LEIs) could save investment banks more than $150 million and their banking colleagues up to $500 million in the issuance of letters of credit, according to a new white paper report that management consultancy McKinsey & Co. produced on behalf of the Global Legal Entity Identifier Foundation (GLEIF)…. Read More >>

Filed Under: Derivatives Operations, Collateral & Margin Management, Derivatives Processing, Securities Operations, Clearing, Data Management, Operational Risk, Ops Automation, Back-Office, Regulation & Compliance, Regulatory Compliance, Regulatory Reporting Tagged With: GLEIF, Global Legal Entity Identifier Foundation, investment banks, Legal Entity Identifiers, LEIs, letters of credit, McKinsey, MiFID II

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