Improving transparency in global markets
The global LEI system was created by the Financial Stability Board and supported by the G20.
It was introduced to increase transparency in the financial markets after the 2008 financial crisis.
The system provides a single, reliable way to identify legal entities in financial transactions across all jurisdictions.
Supporting regulatory and industry requirements
LEIs are widely used for:
Regulatory reporting
Trading in financial instruments
Banking and KYC processes
Industry best practices
Simplifying cross-border payments
A verified LEI helps reduce errors, improves data quality, and makes cross border reporting more efficient.
Benefits for the legal entity
Registering an LEI can help your entity in several ways:
Increased international recognition
Stronger trading credibility
Faster verification by partners, investors, and customers
Reduced risk of identity based mistakes
Your basic entity data becomes searchable in the global LEI index, which allows stakeholders to confirm that your entity is real and correctly registered.
Knowing who you are dealing with
The LEI system also provides security for your own business activities.
By using LEIs, you can quickly verify the identity of other entities and avoid dealing with incorrectly listed or high risk organisations.