Uniform global identification system for financial market participants (Legal entity identifier, LEI) Switzerland to contribute to global identification system for financial market participants
Bern, 04.12.2015 - Today, the Federal Council decided that Switzerland would participate in the global identification system for financial market participants. The use of a uniform global legal entity identifier for financial market participants should improve the quality of financial data and facilitate the assessment of systemic risks. In Switzerland, this identifier will used for the first time for reporting duties in derivatives trading after the Financial Market Infrastructure Act has entered into force. Furthermore, the basis is to be prepared in order for these identifiers to be issued by the Federal Statistical Office in the future.
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