Seven insights about regulatory compliance from the recent SWIFT Operations Forum Americas.
March 08, 2013
5. We Need Consensus on Standards
There is a risk that we will see different jurisdictions adopt different standards for data. That would be the worst scenario. Every regulator wants something different, but if we can start with the LEI [Legal Entity Identifier] and take it to a more global level, that would be a good start. But if every regulator goes their own way, that could be very dangerous."
--David Saul, SVP and Chief Scientist, State Street
