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Strate’s new offering to the market – Legal Entity Identifier (LEI) services

During the financial crisis and collapse of Lehman Brothers in 2008, it became evident that regulators and private sector managers were unable to readily identify the full extent of the market participants’ exposure to Lehman and the interconnectedness of financial institutions.   This gave rise to the Regulatory Oversight Committee (ROC), which was founded by […]

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Application to Become a Local Operating Unit for Legal Entity Identifiers Underway

During 2014 Strate’s regulator, the Financial Services Board (FSB), announced that Strate had been allocated a globally unique four-digit prefix that it will use to issue Legal Entity Identifiers (LEIs). Strate has now applied to become a fully-operational local operating unit (LOU) to the Regulatory Oversight Committee (ROC).   The LEI is a 20-digit, alpha-numeric code, to […]

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