Managing risk is a primary concern for today’s financial institutions. Legal Entity Identification (LEI) is a cornerstone to the success of key financial regulations like EMIR, Dodd-Frank, BASEL III and others. A an effective LEI solution enables organizations to more effectively measure and manage counterparty exposure, while providing substantial operational efficiencies and customer service improvements to the industry.
Accurately identifying legal entities depends on the quality of client data sourced from third party vendors. However, the lack of globally accepted legal entity identifiers has resulted in ineffective risk management, maintenance of multiple databases for client information and reference data, and increased costs and efforts to maintain client data quality. This lack of standardization also makes it difficult to map information across systems and identify areas for improvement.
At Mindtree, we work with financial organizations to manage interim LEI during compliance implementations like Dodd-Frank and EMIR. Our experts analyze LEI beyond its regulatory compliance capabilities so LEI can serve as a global reference identifier for data standardization and counterparty risk management across the globe.
Our LEI reference data management solution reduces costs to maintain compliance, measure and manage data and counterparty risk aggregation—and supports reference data acquisition, cleansing, storage and delivery.
Mindtree’s end-to-end LEI services help financial organizations ensure compliance, reduce costs and extend the value of their LEI solution.