Our CEO Dario Crispini spoke to Nicholas Pratt at Funds Europe about some of the challenges of the introduction of Legal Entity Identifiers (LEIs) which are an important component of MiFID II.
Each fund managed in Europe has to have a registered LEI and the ESMA has imposed a ‘no LEI, no trade’ rule to underline the importance of the initiative.
Currently there are 1.1 million LEIs in issue. However, many people think that’s some way off the desired total.
“I would expect there needs to be a lot more LEIs registered to cover the market,” says Dario Crispini, chief executive of Kaizen Reporting, who has previously worked for the Financial Conduct Authority in the UK.
Read the full story here.