Exchange Data
International partners with Chancellor Publications to release 'The LEI
Handbook, Exchange Data's Guide to Financial Codes.'
5th December 2017, London
& New York:
The LEI Handbook,
written by Ozren Cvjetic, is now available, just in time for MiFID II and
Christmas. Key to all those working in RegTech in financial institutions, this
is the most comprehensive and up-to-date reference work on the complexities of
Legal Entity Identifiers (LEIs). The book is a comprehensive, single-source
reference work examining the codes governing the global financial system. The
guide is now available in both print and online and looks at more than 40
identifiers, giving readers access to the crucial information required to deal
with trading financial securities and meeting the new compliance regulations in
January 2018.
Published by Exchange Data International (EDI) and Chancellor Publications, the book offers insight into LEIs. No
other financial handbook on the market provides such detailed and structural
tier-level components of the LEI, which allows readers to fully understand the
business process and requirements linked to implementation of LEIs.
Ozren Cvjetic, economist and author, said:
“With the increase in regulatory requirements, and MiFID II looming in the
beginning of January, The LEI Handbook breaks down the ins and outs of the
Legal Entity Identifier (LEI), proving to be an essential tool for
professionals in the financial, legal, accounting and academic communities.”
Jonathan Bloch, CEO of EDI, says: “The
timing of the book is pure coincidence, but it couldn’t be at a more
appropriate time. With MiFID II coming into force within weeks there will be a
significant increase in regulatory pressure, coupled with a harsh focus on
accuracy, and accuracy begins with the LEI: get that wrong and everything else
will be a nightmare. The book is the only source of real quality which clearly
sets out, in one resource, everything you need to know about Legal Entity
Identifiers.”
After the global financial crisis of 2008,
the world focused on the instability and volatility of the financial system as
new regulations emerged with a common purpose: ‘to bring transparency to the
financial market.’ The LEI has become a vital tool for this, enabling
institutions to identify parties involved in transactions and to aggregate data
from different jurisdictions, thus attaining a complete overview of a company’s
exposure to financial risk.
Francis Gross, Senior Adviser, Directorate
General Statistics of the European Central Bank (ECB), says: “The global
network of machines and databases handles financial data in volumes and at
speeds that dwarf human capacity to exercise control as in the slower,
data-poorer pen-and-paper age. In that network, the diversity of human
languages and cultures collides ever more visibly with the computers’ need for
uniformity in language. Yet the speed of ongoing technical change cannot be
matched by the speed of social change. There is therefore no quick solution to
what has grown into a profound global problem. However, there is a beginning to
a solution. It lies in identification: one object, one name. Globally. Period.
The present work is an important step in the beginning of that beginning.”
# # #
Editorial contacts
Alla Lapidus / John
Norris
Moonlight Media
Tel: +44 (0) 20 7250
4770
Email: edi@moonlightmedia.co.uk
About Exchange Data
International:
Exchange Data International helps the global
financial and investment community make informed decisions through the
provision of fast, accurate, timely and affordable data reference services.
EDI’s extensive content database includes worldwide equity and fixed income
corporate actions, dividends, static reference data, closing prices and shares
outstanding, delivered via data feeds and the Internet. The firm covers all
major markets with special emphasis on emerging and frontier markets e.g.
Africa, Asia, Far East, Latin America and the Middle East. EDI is based in
London, with offices in New York, India, and Morocco.
