Legal Entity Identifier
The expanded use of the globally-standardized Legal Entity Identifier (LEI) will enable organizations to more effectively measure and manage risk, while providing substantial operational efficiencies and customer service improvements to the industry.
A unique ID associated with a single legal entity, the LEI allows for consistent identification of parties to financial transactions, facilitating a consistent and integrated view of exposures. However, the full potential of the Global LEI System will not be reached until the standard is adopted universally across financial market participants.
SIFMA and our global affiliate, the Global Financial Markets Association (GFMA), believe that global coordination is critical to ensuring the adoption of the LEI and bringing operational benefits to both firms and regulators.
To learn more, see GFMA’s work on the Legal Entity Identifier.
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