ISIN.net is on the cutting edge of Legal Entity Identifier (LEI) services.
A Legal Entity Identifier (LEI) is a unique ID – different than an ISIN code – associated with a single corporate entity. Currently,no common entity identification convention exists in the market today, a range of regulatory initiatives are driving the creation of universal LEI standard for financial markets.
The lack of a standard identification system for financial counterparties makes it difficult for financial firms to develop a consistent and integrated view of their exposures, such as in the case of default of counterparty. This is a challenge not only for firms, but also creates an obstacle for regulators to aggregate and share information to effectively monitor risks.