Trade Associations Submit Comments to the G-20 Finance Ministers Advocating a Uniform, Global LEI Solution
SIFMA, American Bankers Association (ABA), Asia Securities Industry and Financial Markets Association (ASIFMA), Association for Financial Markets in Europe (AFME), The Clearing House Association, The Financial Services Roundtable, Investment Company Institute (IC), International Swaps and Derivatives Association, Inc. (ISDA), and International Bankers Association of Japan send comments to all G-20 Finance Ministers regarding enhancing supervisory and industry ability to monitor and evaluate systemic risk. The Trade Associations letter indicates their joint support for the development of a uniform and global “legal entity identifier” (LEI).
SIFMA is the independent U.S. regional member of the Global Financial Markets Association (GFMA). The Association for Financial Markets in Europe (AFME) and the Asian Securities and Financial Markets Association (ASIFMA) represent the independent European and Asian regional members of GFMA.