FIN.

FSB publishes LEI implementation review

Following the launch of its peer review of LEIs in August last year, the FSB has now published the outcome of this review.

Overall, the review found that take up of LEIs was patchy, being most concentrated in jurisdictions such as the US and the EU, and in the securities and derivatives markets.

The report makes four sets of recommendations addressed to FSB member jurisdictions and relevant standard-setting bodies and international organisations. These include encouraging authorities to require the use of LEIs for the identification of legal entities in the data reported to trade repositories for OTC derivatives, and to consider ways to further promote LEI adoption, for example though nationwide implementation strategies and communication initatives.

 

Emma Radmore