Group of Associations Submit Comments to the US Department of Treasury on the Statement on Legal Entity Identification for Financial Contracts
31 January 2011
SIFMA, The Clearing House Association L.L.C. (TCH), the Enterprise Data Management Council (EDM Council), the Financial Services Roundtable (FSR), the Futures Industry Association (FIA), the International Swaps and Derivatives Association, Inc. (ISDA), the Investment Company Institute (ICI), and the Managed Funds Association (MFA) provide comments to the U.S. Department of Treasury on the Department's Statement on Legal Entity Identification for Financial Contracts (LEI Statement). The associations offer their experience and expertise to help the Treasury Department's Office of Financial Research (OFR) and other U.S. and foreign regulators develop and establish a system of uniform legal entity identifiers (LEIs). The associations believe a system of uniform LEIs will help Treasury carry out the mandate of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) for Treasury to measure and evaluate systemic risk in the financial system.
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.