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EVENT PREVIEW: Meet the Market North America to Focus on Latest Developments of Global LEI SystemThe Depository Trust & Clearing Corporation (DTCC), the Global Financial Markets Association (GFMA), SWIFT and the Global Legal Entity Identifier Foundation (GLEIF) are hosting Meet the Market North America, a one-day event that will focus on the development and marketplace adoption of the global Legal Entity Identifier (LEI) system.

The event will be held Wednesday, June 10, at the SIFMA Conference Center, 120 Broadway, 2nd Floor, New York NY 10271 from 3:00pm - 5:00pm EDT, followed by a networking reception. The keynote speech will be delivered by U.S. SEC Commissioner Kara M. Stein.

The event will provide attendees with information on the global LEI system, including the latest GLEIF developments, role of Local Operating Units, Regulatory Oversight Committee activities and future deliverables. Attendees will also benefit from discussions related to the marketplace adoption of the LEI – including regulatory compliance by firms and further integration opportunities by the industry.

William Hodash, DTCC Managing Director, Business Development, will be a panelist on the “Things are Only Impossible Until They're Not…Building a Global System For LEIs” session which takes place from 3:25pm to 4:15pm.

Panelists will examine the development of the global LEI system and the key components and infrastructure that form its basis, including the Global Legal Entity Identifier Foundation, Local Operating Units, which generate LEIs, as well as the Regulatory Oversight Committee, whose activities and future deliverables will help shape the system going forward.

Joining Hodash on the panel will be Matthew P. Reed, Chair, LEI Regulatory Oversight Committee, and Chief Counsel, Office of Financial Research, U.S. Department of the Treasury; Greg Toczylowski, Member, LEI Executive Committee, Derivatives Specialist, Ontario Securities Commission; and Stephan Wolf, CEO, Global Legal Entity Identifier Foundation. Thomas Dunlap, Global Head of Reference Data Operations, Goldman Sachs & Co., will be the panel moderator.


DTCC’s Legal Entity Identifier (LEI) solution, the Global Markets Entity Identifier (GMEI) utility, was developed in conjunction with SWIFT. The utility creates and assigns globally accepted unique identifiers to entities that engage in financial transactions and stores and validates the accuracy of the associated reference data. With more than 175,000 globally accepted registered entities from over 140 countries, the GMEI utility maintains approximately 50% global market share, making it the largest Local Operating Unit (LOU) within the Global Legal Entity Identifier System (GLEIS). The GMEI utility was ranked #1 in the initial two quarterly evaluations of the LOUs, in TABB Group and Alacra’s LEI Comprehensiveness Ranking, based on data consistency and uniformity.