Increased legal entity identifier issuance improves reporting
The growth of legal entity identifier issuance has improved reporting, which has enabled greater sophistication in data analysis and evaluation of systemic risk, writes William Hodash of the Depository Trust & Clearing Corporation
The use of legal entity identifiers (LEIs) is no longer in its infancy. With almost 390,000 issued worldwide by 26 endorsed local operating units (LOUs), significant progress has been made in using the LEI for increased transparency and risk mitigation in the financial markets. In addition, robust public sector oversight and private sector governance mechanisms have been firmly established via the Regulatory Oversight Committee (ROC) and the Global LEI Foundation (Gleif).
Nevertheless, further
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