Basel
15 July 2016
Reporter: Becky Butcher

GLEIF launches LEI data challenge facility


The Global Legal Entity Identifier Foundation (GLEIF) has launched its new data challenge facility.

The GLEIF data challenge facility offers users an easy means to trigger the verification of legal entity identifier (LEI) records, and to update them quickly.

Once a challenge has been logged, GLEIF passes the information on to the relevant LEI issuing organisation for follow-up.

If the LEI record should be questioned through the challenge facility, it is the responsibility of the LEI issuer to resolve the matter. If required, the LEI issuer will then update the information related to the LEI record.

Stephan Wolf, CEO of GLEIF, commented: “The new online challenge facility is an essential addition to the GLEIF data quality management programme, which allows the quality of the LEI data pool to be monitored, assessed and further optimised.”

He added: “We encourage all users of LEI data to take advantage of this new GLEIF service. We very much look forward to working together with all stakeholders and the LEI issuing organisations towards continuously improving the reliability and usability of the publicly available LEI data pool.”

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