This paper considers the ‘market failures' that can block standardisation and recommends actions to overcome these barriers and so ensure greater realisation of the efficiency and risk-reduction benefits of standardisation in global financial markets. It first reviews the economic benefits of...

This paper reports the outcome of a small scale ‘Delphi' survey of standards professionals, focusing on the business and economic benefits of standardization in global financial markets and the barriers to standardization. Despite its small scale this survey points to clear conclusions. There...

The global legal entity identifier (LEI) system is a recently launched standard for unique, universal and unambiguous identification of financial market participants endorsed by the leadership of the G20 and supported by the Financial Stability Board and financial regulators in all the major...