The global legal entity identifier system: How can it deliver?

Artikel

We examine the global legal entity identifier (LEI) system for the identification of participants in financial markets. Semi-structured interviews with data professionals revealed the many ways in which the LEI can improve both business process efficiency, and counterparty and credit risk management. Larger social benefits, including the monitoring of systemic financial risk, are achievable if it becomes the accepted universal standard for legal entity identification. Our interviews also review the substantial co-ordination and investment barriers to LEI adoption. To address these, a clear regulatory-led road map is needed for its future development, with widespread application in regulatory reporting.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: Journal of Risk and Financial Management ; ISSN: 1911-8074 ; Volume: 12 ; Year: 2019 ; Issue: 1 ; Pages: 1-29 ; Basel: MDPI

Classification and Topics

• Classification: Wirtschaft ; Financial Institutions and Services: General ; Financial Institutions and Services: Government Policy and Regulation ; IT Management
• Subject: big data ; data standards ; entity identifiers ; macroprudential policy ; regulation ; risk management ; Dodd-Frank Act ; operational efficiency ; systemic risk

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Chan, Ka Kei ; Milne, Alistair
• Event: Veröffentlichung
• (who): MDPI
• (where): Basel
• (when): 2019

Further information

• DOI: doi:10.3390/jrfm12010039
• Handle: http://hdl.handle.net/10419/239018
• Last update: 10.03.2025, 11:45 AM CET