US LEI proposal for commodity pools panned by global authority for not going far enough
By Neil Roland ( June 19, 2020, 17:39 GMT | Insight) -- A US proposal to require the use of legal entity identifiers by investment companies that trade swaps doesn’t open a big enough window on these commodity pools’ potential impact on financial stability, the global promoter of the identification tags said. The Global Legal Entity Identifier Foundation said the US Commodity Futures Trading Commission should require all commodity pools that report to it, not just those that trade derivatives, to adopt the 20-digit codes.A US proposal to require the use of legal entity identifiers by investment companies that trade swaps doesn’t open a big enough window on these commodity pools’ potential impact on financial stability, the global promoter of the identification tags said....
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