LEI becomes mandatory for Large Corporate Borrowers
By Mayank Agarwal (finserv@vinodkothari.com) Overview The global financial crisis of 2007-08 underlined the importance of maintaining a common global database that facilitates identification of parties to a financial transaction. Ambiguity of the dealing parties and a shortage of information led to a breakdown in the financial ecospace, contributing to the downfall of established stalwarts such […]