Those of us in the reference data arena have been paying close attention to the progress being made in bringing the LEI (Legal Entity Identifier) to life.  There remain significant hurdles to clear before the LEI is actually created and adopted by the initial set of users and entities – swap dealers and major swap participants that are regulated by the CFTC.  As a number of people have asked me recently to describe the LEI and where the process stands, I thought I would put together the key documents that outline how we got to where we are, what the next few milestones are, and some thoughtful comments and criticisms.

Legal Entity Identifier (LEI) – Timeline of Major Events from June 2011 through fall of 2011.  Source: US Treasury Department

Legal Entity Identifier Overview Q3 2011 Source: SIFMA

A Legal Entity Identifier (LEI) is a unique ID associated with a single corporate entity. Although no common entity ID convention exists in the market today, a range of regulatory initiatives are driving the creation of universal LEI standard for financial markets

Legal Entity Identifier Overview Presentation November 10, 2011 Source: SIFMA

Requirements for a Global Legal Entity Identifier (LEI) Solution May 2011 Source: SIFMA

The LEI of the Land by Nicholas Hamilton, Inside Reference Data, November 30 2011

As the Financial Stability Board takes on responsibility for developing the governance framework for the legal entity identifier (LEI), Nicholas Hamilton looks at what the protagonists in the LEI project are doing to prepare the way for implementation

LEI – Persistent or Unique Identity Opinion piece by Chris Pickles in A-Team Insight, December 7, 2011

I’ve been struggling to understand the details behind the current initiative to create a Legal Entity Identifier (LEI) – particularly an LEI as an ISO standard. One of the problems that we all often face when we get deeply immersed in a subject is that we may know what we mean, but we find it difficult and time-consuming to explain clearly to other people what we mean.

DTCC and SWIFT Collaborate For Wins on LEI and FX Repository July 2011 Source: DTCC

Dodd-Frank, Legal Entity Identifiers (LEI), and What’s in it for You September 14, 2011 Source: Thomson Reuters

Office of Financial Research Created Under the Dodd‐Frank Wall Street Reform and Consumer Protection Act: Frequently Asked Questions Source: US Treasury Department