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Embracing the Opportunities Created by Using LEIs and UTIs

Broadridge's Martin Walker discusses the opportunities around LEIs and UTIs in an article for Securities Lending Times.

Embracing the Opportunities Created by Using LEIs and UTIs

Two of the aspects of derivatives trade reporting that have created the most pain for both reporting firms and regulators are unique transaction identifiers (UTIs) and Legal Entity Identifiers (LEIs). They also have the potential to create difficulties for market participants in Securities Financing transaction reporting under SFTR. However, there are benefits for firms who embrace the opportunities created by using LEIs and UTIs. This article examines the long term potential for how changes and innovations such as LEIs and UTIs could drive the overall improvement of infrastructure, processes and data quality.

Martin Walker is the head of product management for Broadridge’s Securities Finance and Collateral Management division. Former roles include Global Head of Securities Finance and Treasury IT at Dresdner Kleinwort and Global Head of Prime Brokerage Technology at RBS Markets. He has also worked as a consultant and researcher in capital markets with several papers published. He contributed to the new book “Evidence-Based Management – How to Use Evidence to Make Better Organizational Decisions” and his first book on Capital Markets infrastructure; Front to Back was published in 2018. He has an MSc in Computing Science from Imperial College, London and a BSc in Economics from the London School of Economics. He is also a fellow of the Center for Evidence-based Management.

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