A good example is embedding the LEI in the data on derivative contracts reported by trade repositories. This is very helpful in giving supervisors a clear picture of what is going on. The LEI has also led to many improvements in the quality of data, and therefore in the quality of data analysis. This opens up possibilities for research and data aggregation.
It also improves the accuracy of data reporting, and makes data more internationally comparable. The LEI is now being used in international stress tests. It is invaluable in helping to understand interconnectedness. It has improved our understanding of the build-up of risk across multiple jurisdictions. These benefits are not only available to regulators and other authorities.