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Legal Entity Identifiers

A global opportunity

Legal Entity IdentifiersIn 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 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?

Contacts

  • Stephen Ley
    Partner
    +44 (0)20 7303 7386
    sley@deloitte.co.uk
  • David Strachan
    Partner, Co-Head, EMEA Centre for Regulatory Strategy
    +44(0)20 7303 4791
    dastrachan@deloitte.co.uk
  • Paul Garel-Jones
    Director
    +44(0)20 7303 3069
    pgareljones@deloitte.co.uk
  • Shabdeep Mann
    Director
    +44(0)20 7007 8101
    shmann@deloitte.co.uk

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Useful links

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    Unlock the value of your data.

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