Managing risk and complexity: Legal entity identifier
This is about euro bureaucrats and know you customer rules. The ECB is plugging leaks, they want all the flow matched to their liabilities, least the Germans get ripped off.
In the sandbox, we assume any legal entity has a calculable risk profile, an absolute measure of the liquidity they sustain, honestly measured. We get this because the cash layer is ringed fence, everything auto traded cash. Legal entities are after the fact. But since we are counterfeit proof and auto-traded quasi stable, the risk profiles are observable and part of the interaction.
As I have stayed many time, the risk profile means you will not jump a concavity when auto-trading a fair pit. We do not need anything more than that.
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