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The Legal Entity Identifier (LEI) market is a global system for uniquely identifying legal entities that engage in financial transactions. It is a key component of the global financial infrastructure, providing a standardised way to identify parties to financial transactions. LEIs are used to identify parties to financial transactions, enabling regulators to monitor systemic risk and improve the accuracy of financial reporting.
The LEI market is managed by the Global Legal Entity Identifier Foundation (GLEIF), which is responsible for the governance, maintenance and promotion of the LEI system. GLEIF works with a network of accredited Local Operating Units (LOUs) to issue LEIs to legal entities.
Some companies in the LEI market include Bloomberg, Dun & Bradstreet, Experian, and Thomson Reuters. Show Less Read more
