Looking Back on Legal Entity Identification

The Changing Face of LEI

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The lack of a universal system for identifying the legal entities that participate in financial markets has been, and continues to be, one of the main headaches in data management. To deal with the problem, firms have created various internal identifiers and passionate practitioners have teamed up to agree on a standard, but the industry is yet to see a global legal entity identifier (LEI).

While the challenges are well understood and the topic is not new to the industry, traditionally, few

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