LEI on the Edge: What Needs to Happen for Wider Adoption?

Mariella Reason
13 Feb 2020

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It was supposed to be the “barcode for business”—but the Legal Entity Identifier (LEI) is taking so long to get to a critical mass of adoption that the financial industry is losing faith in the initiative, observers say.

“We are going slow here, and people are perhaps not believing that this could ever be successful as envisioned,” says Allan Grody, president at consultancy Financial InterGroup Advisors. “While we have 1.5 million legal entities [registered for LEI] now, the projections are

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