The Financial Stability Board is working on a governance framework for legal-entity identifiers, which have gained momentum and support in the past few months. "We have achieved a tremendous amount globally to get buy-in. We have the [Group of 20] finance ministers and leaders endorsing the LEI, so from a top-down perspective, it is all going well," said David Strongin, SIFMA's managing director. "But I think our challenge now is to ensure that, as countries start to implement this, they do it in a way that is going to meet the needs of each local marketplace, but also the unique LEI ... that we have set up globally." Learn more about LEI.
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