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Bloomberg Becomes Official LEI Distributor

Bloomberg is stepping into the Legal Entity Identifier (LEI) realm as an accredited Local Operating Unit (LOU) of the Global LEI System (GLEIS). The company has received “approval to issue and maintain” LEIs, and joins the network of LOUs that have the blessings of the Global Legal Entity Identifier Foundation (GLEIF). LOUs create, assign and maintain LEIs, which were intended to provide greater transparency into financial markets and mitigate risk for market participants. For those that need “or are required to obtain an LEI” can do so via Bloomberg’s portal to register for a new LEI and “maintain, renew, or even transfer existing LEIs” from other LOUs to Bloomberg, officials say.

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