CEO is confident the market will see widespread adoption of the LEI regime
The Global Legal Entity Identifier
Foundation (GLEIF) is ramping up development work on its new
LEI search engine, with the body planning to launch the new
tool in October, chief executive Stephan Wolf told FOW.
The organisation is working on the new
search engine, designed to be a powerful tool for any
interested party wishing to research LEI-related data.
"Significant progress has been made in
creating a reliable, trustworthy federated network of LEI
managing organisations. Already all data is available to any
interested party and free of charge to users," said GLEIF CEO
"Considering upcoming regulatory action,
the strong adoption rates we are seeing today and keeping in
mind that all actors demand increased visibility, integrity and
stability of the financial markets, we are confident to see
widespread adoption of the LEI in due course," he added.
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