Omgeo stands behind LEI initiative 16 May 2013New York Reporter: Georgina Lavers
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Omgeo announced that it is supporting the global Legal Entity Identifier (LEI) initiative by adding additional entity- and fund-level fields and data into Omgeo ALERT, a database for account and standing settlement instructions.
Bill Meenaghan, global product manager for ALERT at Omgeo, said: “The global LEI initiative is critical to bringing much-needed transparency to the financial markets, ultimately improving risk management capabilities and making it easier to detect market abuse across jurisdictions."
"We continue to seek ways to support the initiative and help our clients to take advantage of the benefits it can provide. Clients can now use legal entity data in ALERT to gauge their level of exposure to an entity, as well as their aggregate exposure to a parent.”
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