Legal Entity Identifier (LEI)
In the wake of the 2008 financial crisis, international efforts to develop a uniform global identification system for financial market participants, i.e. a legal entity identifier (LEI), were stepped up. As a unique global identification number, the LEI allows not just authorities but also financial market participants to reliably identify contracting parties in financial market transactions. The LEI thus helps to identify risks in the financial sector at an earlier stage and promote financial stability.