GS1 and Financial InterGroup Reveal Legal Entity Id Plans

allan-grody-2010

Standards organization GS1 US, the US chapter of GS1, which administers the barcode standard for the retail industry, and Financial InterGroup, have jointly issued a proposal to the US Treasury’s Office of Financial Research (OFR), suggesting the legal entity identifier of choice should be based on an existing GS1 standard system.

In the 170-page response, the organizations explain that the global business entity identifer (GBEI) could take on the LEI role, and would be based on the current GS1