Fifth of issued LEIs have lapsed, data provider says

Lapse rate for unique identifiers is rising

clearing and settlement

Four years after the Financial Stability Board and the Group of 20 threw their weight behind establishing a global system of legal entity identifiers (LEIs), hundreds of thousands have been issued around the world, but a fifth of them have not been renewed and that share is rising, according to entity data provider Alacra.

An LEI is a unique code, used primarily for identifying legally distinct parties to financial transactions. Analysis by Alacra has shown that around 70,000 holders of LEIs

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