Opinion
Decoding the Lei Number- Understanding Its Significance and Application
What is a LEI number? The Legal Entity Identifier (LEI) is a unique, global, unambiguous identifier for legal entities. Introduced to enhance the transparency and efficiency of financial markets, the LEI is a crucial tool for regulatory compliance and risk management. This article delves into the significance of the LEI number, its purpose, and how it benefits various stakeholders in the financial industry.