LEI Makes Progress, But Administration Questions Linger

Tom Price2

While the Financial Stability Board (FSB) approved a legal entity identifier (LEI) standard from ISO (the International Organization for Standardization) in much less time than most ISO standards take to get international community approval, determining which organizations will administer the standard, and how, remains unfinished business.

The Global Financial Markets Association (GFMA) and Sifma had recommended ISO as the standards-setting body; the Depository Trust & Clearing Corporation (DTCC

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