The recommendations provide high-level guidance concerning membership on the Regulatory Oversight Committee (ROC). Regulatory authorities should indicate interest in serving…
The FSB’s recommendations for the LEI call for forming the Central Operating Unit (COU) as a not-for-profit foundation, or a…
The formation of the LEI Private Sector Preparatory Group (PSPG) drew upon the experience from the FSB LEI Industry Advisory…
Participants in the LEI Implementation Group (IG) were selected through nominations from FSB members and other public sector stakeholders. For…
The FSB’s recommendations outline a “federated” model for LEI implementation. Local Operating Units (LOU) will assign LEIs, and validate and…
The FSB’s recommendations do not select a solution. Rather, they set out a governance structure and process for developing and…
By providing a universal, unique, authoritative identifier for each entity in financial transactions, a global LEI will provide a valuable…
Members of the public-private partnership that developed the FSB recommendations are acutely aware of the need for high-quality data. Thus,…
As the global LEI becomes more widely used, we and many industry participants expect the LEI to decrease costs and…
To support use of the global LEI, the FSB’s recommendations allow for jurisdictions to serve as early adopters of a…