About GLEIF Governance

LEI ROC Observers

In order to fulfill its role as supervisor of the Global Legal Entity Identifier Foundation (GLEIF), two or more members of the Legal Entity Identifier Regulatory Oversight Committee (LEI ROC) act as observers of the GLEIF Board. These LEI ROC members have no voting rights in the GLEIF Board.

Currently there are two LEI ROC observers to the GLEIF Board.


Michael Ritter

Head of Central Credit Register at Deutsche Bundesbank

Michael Ritter has been Head of Central Credit Register at the Deutsche Bundesbank since 1996. He is a credit register specialist with 25 years of experience in banking supervision, developing legal and administrative structures, implementing credit reporting and customer identification systems, conducting data analysis and advising other central banks in setting up and enhancing credit registers. Against the background of the financial crisis, his focus has been on micro- and macro-prudential analysis on credit portfolios of financial intermediaries.

As a long term member of the Working Group on Credit Registers of the European System of Central Banks (WGCR), which he chaired from 2008 to 2015, he promoted cross-border information exchange of greater quality and magnitude within that field in Europe, as well as the related technical infrastructure, and he was an official observer in the EU Commission Expert Group on Credit Histories. Furthermore, Michael Ritter is an active member of the International Committee on Credit Reporting of the World Bank.

As member of the FSB LEI Expert Group and LEI Implementation Group, Michael Ritter was involved from the outset in the development of the Global LEI System. Today, he represents Deutsche Bundesbank on the LEI ROC and is one of the representatives of the European constituency in the LEI ROC Executive Committee. He was elected Vice-Chair of the LEI ROC in February 2016 and acts as Chair of the LEI ROC since August 2017.

Michael Ritter holds a degree in Economics and Central Banking at the University of the Deutsche Bundesbank, Hachenburg, Germany.


Joseph Tracy

Executive Vice President and Special Advisor to the President of the Federal Reserve Bank of Dallas

Joseph Tracy is an Executive Vice President and Special Advisor to the President of the Federal Reserve Bank of Dallas. From 2004 to 2009, he was the Director of the Research and Statistics Group at the bank. He is also the Chair of the Financial Stability Board (FSB) Data Gap Implementation Group. His primary policy focus has been on housing policy. He joined the Bank in 1996 as an officer in the Research and Statistic Group. Prior to joining the New York Fed, Mr. Tracy was an associate professor at Yale University and Columbia University. His academic research focused on labor and urban economics. He holds a BA from University of Missouri and a PhD from the University of Chicago. He was elected Chair of the LEI ROC in February 2016 and acts as Vice-Chair of the LEI ROC since August 2017.