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Published date: 9 July 2024

Speech by Victoria Cleland - A multi-tool for cross-border payments: the power of Legal Entity Identifiers

Given at the FSB-GLEIF-ROC Global LEI conference


Victoria Cleland discusses the benefits Legal Entity Identifiers (LEI) could enable for payments, the role that they can play in enhancing cross-border payments, and steps that could be taken to drive their uptake and use.

I would like thank colleagues from the Financial Stability Board (FSB), the Global LEI Foundation (GLEIF), and the Regulatory Oversight Committee (ROC) for arranging this conference and providing an opportunity to delve more into the wide-ranging benefits of Legal Entity Identifiers (LEIs). Benefits which are more far reaching than realised at their creation, and which provide opportunities for so many of the audience today.

Today’s conference brings together public and private sector experts to discuss the benefits of LEIs in a range of sectors. We will hear insights on LEI implementation, benefits of LEIs, and the actions that we can take to further drive adoption and use of LEIs.

I would like to start by asking