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{"id":20653,"date":"2022-05-05T19:25:26","date_gmt":"2022-05-05T19:25:26","guid":{"rendered":"https:\/\/ustechportal.com\/?p=20653"},"modified":"2022-05-05T19:25:26","modified_gmt":"2022-05-05T19:25:26","slug":"important-tips-why-business-should-get-lei","status":"publish","type":"post","link":"https:\/\/ustechportal.com\/important-tips-why-business-should-get-lei\/","title":{"rendered":"[Important Tips] Why Business\u00a0Should Get LEI?"},"content":{"rendered":"
Following the global financial crisis, the Legal Entity Identifier (LEI) Code was developed as a key step in improving the quality and accuracy of financial data systems for better risk management.<\/span><\/p>\n
LEI was created to help control peer risk by allowing parties to identify and link to financial transactions.\u00a0 <\/span><\/p>\n
It aims to make systemic risk measurement and monitoring easier and more cost-effective, as well as more cost-effective compliance with regulatory reporting requirements.<\/span><\/p>\n