The GMEI utility was developed in response to the financial crisis of 2008- 2009 after governments and regulators called for new financial market regulation. DTCC designed their LEI solution with the assistance of SWIFT and a consortium of 14 global financial services organizations, led by the Global Financial Markets Association (GFMA), to meet global requirements across all asset classes.
GMEI is accredited by the Global Legal Entity Identifier Foundation (GLEIF) and has been endorsed at a global level by the Regulatory Oversight Committee (ROC), the global group of regulators established by the Group of 20 (G20) and the Financial Stability Board (FSB) to oversee development of the Global Legal Entity Identifier System (GLEIS).
The GMEI utility portal can be found at www.gmeiutility.org. It includes registration and maintenance functions, search capabilities, file download services plus a user guide and a set of answers to frequently asked questions to assist individuals and organizations in using the portal.