OFR leads US push for mandatory adoption of LEIs

Berner says his bureau could use repo-reporting project to drive the uptake of legal entity identifiers

Leading the way: the OFR says it will push for more reliable reporting through the 'barcode for finance' 

The US Office of Financial Research (OFR) says it will push to mandate legal entity identifiers (LEIs) in its trade data-collection efforts, as US regulators lag in adopting the so-called ‘barcode for finance’ designed to ensure more reliable trade reporting by institutions.

OFR director Richard Berner told the Financial Data Summit in Washington, DC on March 16 that “US regulators have been slow to abandon their individual data identification systems or to map the LEI [method] to these systems

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here