About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

FSB Establishes Expert Group to Make LEI Implementation Proposals

Subscribe to our newsletter

Apparently addressing growing industry concerns about the prospect of delays in adoption of the long-awaited legal entity identifier (LEI), the Financial Stability Board (FSB) has set up an expert group to make what it describes as “concrete proposals” on the implementation of a global LEI system. At its meeting in Basel this week, the FSB said the group would bring together experts from the official sector but would be supported by an advisory panel with members derived from the private sector.

The potential for delay to the LEI project – despite plans for the release of a new ISO standard this week – have dominated recent debate on the topic. Current thinking has LEI utility provider Swift and its proposed facilities manager the Depository Trust & Clearing Corp. (DTCC) examining the scope of the Commodity Futures Trading Commission’s (CFTC) requirements with a view to building the LEI database starting with the swaps market. LEIs would be established for entities involved in these markets and then the plan would be to extend this to other markets in a phased manner.

At the Basel meeting, FSB said it was supporting the development of an LEI by coordinating work among the global regulatory community to prepare recommendations for the appropriate governance framework, as requested at the G20 Cannes Summit. The new expert group will deliver its implementation proposals by April, at which point they will be reviewed by the FSB and presented to the G20 at its summit in June.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Best Practices for Managing Trade Surveillance

The surge in trading volumes combined with the emergence of new digital financial assets and geopolitical events have added layers of complexity to market activities. Traditional surveillance methods often struggle to keep pace with these changes, leading to difficulties in detecting sophisticated market abuses and increased regulatory risk. To address these challenges, financial institutions are...

BLOG

FCA Off-Channel Comms Survey Reveals 41% Senior-Level Incidents

On 7 August 2025, the UK Financial Conduct Authority (FCA) published its multi-firm review into off-channel communications across 11 wholesale banks. Eight of the firms disclosed 178 breaches of their own internal policies over the previous 12 months, with 41% of recorded incidents involving individuals at director grade or above. The FCA stresses that a...

EVENT

Buy AND Build: The Future of Capital Markets Technology

Buy AND Build: The Future of Capital Markets Technology London examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

The DORA Implementation Playbook: A Practitioner’s Guide to Demonstrating Resilience Beyond the Deadline

The Digital Operational Resilience Act (DORA) has fundamentally reshaped the European Union’s financial regulatory landscape, with its full application beginning on January 17, 2025. This regulation goes beyond traditional risk management, explicitly acknowledging that digital incidents can threaten the stability of the entire financial system. As the deadline has passed, the focus is now shifting...