Collective Action: Toward Solving a Vexing Problem to Build a Global Infrastructure for Financial Information
Published: February 2, 2017
This brief tells the inside story of how partnership and top-level support by government and industry mobilized broad support for creating a worldwide, single identification system for financial data. The development of the global Legal Entity Identifier system reveals important lessons for future efforts to forge consensus and take collective action in finance on a global scale. (Brief no. 17-01)