US Federal Reserve Board Proposal Requiring Banking Organizations To Include Legal Entity Identifiers On Reporting Documents

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On March 16, 2015, the US Board of Governors of the Federal Reserve System announced a proposal requiring banking organizations to include their existing Legal Entity Identifiers on certain regulatory reporting forms...
United States Finance and Banking
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On March 16, 2015, the US Board of Governors of the Federal Reserve System announced a proposal requiring banking organizations to include their existing Legal Entity Identifiers on certain regulatory reporting forms as of June 30, 2015. The LEI is a unique reference code that enables easier identification of a firm's legal entities. Comments on the proposal are requested within 60 days of publication in the Federal Register.

The Proposal is available at: http://www.federalreserve.gov/newsevents/press/bcreg/bcreg20150316a1.pdf.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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