Legal Entity Identifiers
A global opportunity
In response to the ineffective processes that were in place during the financial crisis for understanding counterparty exposures, the G20 has endorsed the Legal Entity Identifier (LEI) initiative. This initiative will lead to the creation of a unique identifier for any entity involved in a financial transaction, with the aim of improving the ability of supervisors to monitor systemic risk as well as providing additional benefits to financial services organisations.
This paper, co-written with Deloitte’s EMEA Centre for Regulatory Strategy, looks at the background and scope of the LEI initiative as well as the impact it has on financial services organisations globally and the potential opportunities it could bring.
Legal Entity Identifiers: A global opportunity
Summary of contents
- Background into why the LEI initiative came into play
- What is the scope of the LEI and G20 endorsed implementation principles?
- LEI timeline with key milestones in the development of the initiative
- What are the impacts and opportunities for financial services organisations?
- What are the next steps?
Useful links
Share this page
© 2013 Deloitte LLP. All rights reserved. Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity.
Please see About Deloitte for a detailed description of the legal structure of Deloitte Touche Tohmatsu Limited and its Member Firms. View our accessibility statement.
