LEI issuance expected to stall through year-end now that European requirements complete

10 August 2018 7:03am
The number of market participants with legal entity identifiers is likely to level off at 1.2 million for the rest of the year with the expiration of a key deadline for Europe’s revised Markets in Financial Instruments Directive, an international authority said.

The Global Legal Entity Identifier Foundation also said it is investigating Depository Trust & Clearing’s downgrades in the reliability of information behind a “significant number” of trader ID codes that it had issued.

A member of two Financial Stability Board advisory panels traced the predicted stagnation in LEI adoption to lack of industry confidence in some regulators' commitment to implementing the codes.