EBA reports on identifier implementation
In 2020, the European Systemic Risk Board issued a Recommendation on the introduction of an EU framework to uniquely identify legal entities engaged in financial activities. It favoured the use of the established Legal Entity Identifier (LEI) in both financial transactions and financial reporting obligations. For those interested in the intricacies of implementation, the European Banking Authority (EBA) has now published a report detailing the substance and timing of the actions it has taken in response.
Read more here.