LEI System Blog

Kristian Hein, September 9

How the LEI Ecosystem Works

The Global LEI System was created after the 2008 financial crisis to provide a reliable and transparent way to identify legal entities worldwide. Today, the LEI ecosystem connects international institutions, regulators, GLEIF, LEI issuers and Registration Agents within a common global framework. This article explains how the system developed, the roles of the G20, FSB, BIS, LEI ROC and GLEIF, how LEI data is validated and published, and how Registration Agents such as LEI System help companies apply for, renew, transfer and manage their LEIs. It also looks at why LEIs have become an important part of financial regulation in markets around the world.