Fifth of issued LEIs have lapsed, data provider says
A growing number of companies are abandoning their LEI codes
Four years after the Financial Stability Board and the Group of 20 threw their weight behind establishing a global system of legal entity identifiers (LEIs), hundreds of thousands have been issued around the world, but a fifth of them have not been renewed and that share is rising, according to entity data provider Alacra.
An LEI is a unique code, used primarily for identifying legally distinct parties to financial transactions. Analysis by Alacra has shown that around 70,000 holders of LEIs
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