LEI Updates

LEI Worldwide CEO Darragh Hayes interview with Securities Finance Times

29/11/2020

In a recent interview conducted by the Securities Lending Times, Director of LEI Worldwide spoke with Natalie Turner and took a deeper look the current rate of Lapsed Legal Entity Identifiers globally.

As roughly half a million LEI Codes are now in a state of Lapsed, meaning they have not been renewed in the last year, we discuss how this has happened, and why it is more prominent in some countries rather than others. Some of the primary reasons include LEI which were obtained for regulatory purposes, which regulations which require an LEI, but not necessarily an 'active' LEI. Another reason is management of the LEI and education on the LEI requirement in general.

"Sometimes LEIs lapse because the ownership of the task to renew the LEI changes, people change roles or move on from companies frequently, especially right now in the middle of a pandemic." - Ubisecure's Steve Waite

Read the full article here....

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LEI Worldwide facilitate entity identification in the global financial system, capital markets and private sector. We make the process accessible and simple for Legal Entities to obtain Legal Entity Identifier numbers. By doing this we help facilitate the global allocation of LEI numbers. It is our mission to be the one point of contact globally between Legal Entities & LOU’s and ensuring the LEI becomes the Worlds most important identifier.