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This is just a small delay in what is a very good deal for the European markets. I expect there to be further consolidation in this area over time as the European markets have been swamped with far too many venues and not enough real volume to sustain it. We will be debating this and many more at the Post Trade Forum debate in November see Post Trade Forum event on Finextra to book. A great lineup of leading industry experts is being put together

Spot on Craig

Banks need to think beyond traditional services as these are becoming commodtised. New revenue oportunities appear to be a must and what better way than collaberations?

New Banks entering the market will have the advantage of no legacy systems or thinking and may turn out to be best placed to lead

Thanks for your comment

Yes there is benefits for Corporates but they dont see it. They have costs to connect to SWIFT and then operate. The low cost tarrif that SWIFT offer EURO per month 250 is still on top of Bank charges. Allthough i am sure Banks would offer a price incentive for Corporate using SWIFT 

The overall start up and ongoing running costs just look far to expensive when the Corporate does not understand the technology,benefits or why they should be undertaking operations they pay the Banks to do

More knowladge needed by the corporates and more inventive commercials by the banks to get the ball rolling  

I am totally politically incorrect at all times but it was meant to be a really good compliment.

Thanks Allan thats fantastic and i was totally unaware of this organisation. Your description looks like it fits my bill and should many others in the industry.

What is your organisation doing to move the LEI forward internationally and do you see the future as more collaberative with similar global groups?

Does your organisation see working with delivery firms like networks and other market portals?

SWIFT appear to have staked a claim as the registration authority biut how does this affect your organisation plans?

Sorry for the questions but sure others in the industry would like to now

Regards

Gary    

Any vertical silo attempting to buy LCH Clearnet will not be doing the industry much good. The need is for horozontel Clearing that obviously needs the Clearing houses to unify. Any vertical will just increase costs , risks and complexity.

No doubt we will discuss these issues and more on the 23rd June at the first Post Trade Forum debate hosted by the London Stock Exchange

This is a demonstration of the point i made that worries me. There are any number of commercial supliers that can bring a solution and all will no doubt work on paper but in practice the industry will just consolidate to a mass number of vendors and we will be left with muliple solutions. The industry needs a not for profit organisation along the lines of FIX so that any LEI solution will be made free to all

Chris

I am very concerned that the LEI will create a monopoly. I think that a global not for profit utility organisation should be created to be the registration authority and establish the LEI code. I do not believe that its beyond standard experts to come up with a workable code that achieves the objective. The utility organisation could be made up of all types of business so global network providers could sit alongside database providers and those that produce hardware and software and even social media!

In this way the LEI would allow the users of LEI choice and reduce the costs of software development.

Otherwise i can see the LEI missing the target and causing the users of LEI that need it to actually refrain from it. We could also see the industry go once again into committee and debate mode and not see a LEI solution for decades    

Another brick in the wall but still only at foundation level. Its vitally important that the US and European rules and operations are standardised or arbitrage becomes a threat!

I am sure this will be part of the Post Trade Forum debate at the London Stock Exchange on the 23rd June. Join the Finextra Post Trade Forum today to join in the ongoing debate about Clearing Houses

Dont you just love press releases about mystery buyers? News ? What News?