Deriving True Business Value from the Global LEI
The Legal Entity Identifier (LEI) – the free-to-use entity identifier – has established itself as a viable standard for helping financial institutions identify unique business entities that are parties to financial transactions. But it’s widely accepted to have its limitations. In particular, a lack of standardization and ability to link to associated data sets is hampering its usefulness.
Indeed, this lack of linkages – to associated third-party data, corporate hierarchies and beneficial ownership information – hampers the ability to see a consistent consolidated view across parties, resulting in major repercussions on a firm’s ability to raise and use capital, and indeed comply with emerging regulations.
This whitepaper sponsored by Dun and Bradstreet discusses:
- What’s needed to deliver on the promise of an entity-centric view of enterprise data in one place.
- How firms can use independent data sources to augment the LEI and meet their entity data needs.
- How firms can meet their regulatory obligations while at the same time enjoy true business benefits in terms of improved risk management and better customer service.