LEI Improvements
Friday, March 16, 2018 at 08:24AM
Charlie in Digital Financial Reporting

I mentioned LEI (Legal Entity Identifiers) in a prior blog post.  Seems like the LEI folks have made some very significant improvements in their offerings.

First, they created an ontology.

Second, they already had the ability to search for legal entities (not sure if this changed).

Third, they have provided a bunch of data formats.  I counted 15 different data formats!  (See the EXPORT button on the left hand side)

Fourth, this is a really nice HOW TO USE page.

Here is an example using Microsoft:

I don't know how things are going in terms of getting relationships between legal entities entered into the LEI repository.  My personal wish list is that:

This is a great step forward for Fintech and Regtech!

Article originally appeared on Intelligent XBRL-based structured digital financial reporting using US GAAP and IFRS (http://xbrl.squarespace.com/).
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