Release Date: September 21, 2011
Contact: Liz Pierce, 212.313.1173, firstname.lastname@example.org
SIFMA’s Tom Price Discusses the Industry’s Recommendation for a Global Legal Entity Identifier (LEI) Solution at SIBOS 2011
Toronto, Canada, September 21, 2011 — Tom Price, managing director and head of the Technology, Operations, and Business Continuity Planning Group at SIFMA, discussed the industry’s process for developing a recommended global legal entity identifier solution and solution providers today at the 2011 SIBOS conference organized by SWIFT. Price participated in the panel titled, “LEI Implementation and BIC Evolution.”
In his remarks, Price noted that currently there is no universal standard for identifying parties to financial transactions. A global LEI standard will enable firms and regulators to better manage systemic risk.
His full remarks as prepared for delivery can be found here.
The Securities Industry and Financial Markets Association (SIFMA) brings together the shared interests of hundreds of securities firms, banks and asset managers. SIFMA’s mission is to support a strong financial industry, investor opportunity, capital formation, job creation and economic growth, while building trust and confidence in the financial markets. SIFMA, with offices in New York and Washington, D.C., is the U.S. regional member of the Global Financial Markets Association (GFMA). For more information, visit http://www.sifma.org.