But having addressed the problems of the past, we now need to pivot our efforts to towards meeting the challenges of the future.
The fourth set of recommendations is aimed at the LEI Regulatory Oversight Committee and the Global LEI Foundation. The FSB recommends that they consider improving the LEI business model to lower the cost and administrative burden for entities. They should also consider data quality enhancements to increase the reliability of LEI data and augment the scope and usability of Level 2 relationship data.