Why was the LEI system created?
get-lei.com Team
Created: Feb 28, 2026Updated: Feb 28, 2026Est. reading time: 2 min
In the wake of the 2008 financial crisis, regulators realized that identifying parties to transactions across different jurisdictions was dangerously difficult. The LEI system was consequently established to create a unified, global language for entity identification, mitigating systemic risk and curbing market abuse.