Financial InterGroup Proposes Alternative LEI Format

Strapline: Regulation & Standards


New York-based Financial InterGroup Holdings has proposed to the Financial Stability Board, the Committee on Payment and Settlement Systems and the International Organization of Securities Commissions, another standard for the legal entity identifier (LEI).

Financial InterGroup (Fig), which had led one industry response to the US Office of Financial Research solicitation for solutions in January 2011, is recommending an LEI system with a fixed length of 11 digits or characters within a two-part

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