European Banking Authority: EBA consults on the use of the Legal Entity Identifier
( October 29, 2013, 17:12 GMT | Official Statement) -- MLex Summary: The European Banking Authority has recommended introducing a system to identify parties to financial transactions ahead of a global program that is under discussion. In a consultation paper published on Oct. 28, the EBA said the use of pre-Legal Entity Identifiers will enhance supervisory convergence and ease the ability to compare of data.The text of the statement follows. Click the attachment below to read the consultation paper....
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