Global Legal Entity Identifier Foundation Launches Web Site

The Global Legal Entity Identifier Foundation launched gleif.org, a web site that provides information about legal entity identifiers ("LEIs") and allows registrants and stakeholders to communicate with the foundation's governing body.

The site supports the implementation and use of the Legal Entity Identifier ("LEI") for legally distinct entities that engage in financial transactions. Following the 2008 financial crisis, regulators acknowledged their inability to identify parties to transactions across markets, products, and regions. The LEI helps evaluate systemic and emerging risk, identify trends, and take corrective steps. The website is intended to offer necessary information to market participants and assist in complying with the EMIR timeline.

See: GLEIF Web site.