by Andrew White | January 3, 2018 | Comments Off on Are You Ready for MIFID II and GDPR?
If you had missed the news concerning GDPR and the need to comply with new rules related to personally identifiable EU citizen data, have you heard the one about Mifid II and LEI? Mifid II is another regulation, this one aimed at financial trading in Europe. It seems the European authorities want more data about trades, even if a transaction is not completed. As part of this compliance a new organizational ID is needed, the LEI. The Legal Entity Identifier (LEI) just happens to play into the master data management arena since LEI is to be an approved and unique identifier for entities (organizations) doing the trade.
You should have heard about Mifid II long ago. It is due to come into force today. GDPR is later this year. It seems regulation and data are a big concern for authorities these days. I wonder what new regulations we will see emerge later this year?
See previous blog: New Data and Analytics Research: GDPR and Increased Business Value
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