News & Insights

LATEST FROM LEI-WORLDWIDE

4 October, 2021
By LEI Worldwide

How LEI adoption can Benefit the Shipping Industry

The Bank of International Settlements (BIS) compare the standardization power of the LEI to that of the standardization of the shipping container and the economic advantages that came with it.

The paper written by Francis Gross alludes to the fact that making basic micro-data freely available on participants in a marketplace would have huge benefits to the wider economy, but must be i) globally standardised, ii) real time and iii) must be granular. These are the three key characteristics which make up the global LEI system.