LEI issuance well below targets as Emir reporting begins
Finnish issuer expects to hand out 10,000 identifiers, but had only reached 1,166 last week - and the story is similar elsewhere
With derivatives trade reporting due to start today in Europe, only one of the nine European services issuing preliminary legal entity identifiers (LEIs) - a unique code required by all market participants - has met its anticipated targets. The other services have handled anything from 12% to 50% of their forecast demand, implying tens of thousands of firms are currently unable to report new
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