Allan Grody on why the LEI initative should be welcomed as a measure to increase transparency.
Capital and collateral may be the metric that supports solvency in both our financial institutions and our clearing houses but seeing what is happening proactively as transactions are conducted is what regulators believe will be the means of truly overseeing the financial system. That first step on the road to transparency seems to be close at hand with the final recommendations for putting forward a global legal entity identification regime set to go before the G20 later this month.
