The European Commission is making a major push to cut red tape and simplify regulation. Through its new simplification packages, the aim is to build a faster, more business-friendly Europe, reducing administrative burdens, improving cross-border processes, and moving toward a digital-first regulatory environment.
Why does the Digital Operational Resilience Act (DORA) need to integrate the Legal Entity Identifier (LEI)? As GLEIF’s Alexandre Kech explains in a recent blog, it’s because DORA aims to tackle a critical challenge: identifying and managing the risks associated with third-party ICT providers that underpin modern financial services.
The Global Legal Entity Identifier Foundation (GLEIF) is celebrating ten years of the Global Legal Entity Identifier (LEI) System—a game-changer in global business transparency and security.
In an increasingly online world, the need to verify legal entities accurately is paramount. Enter artificial intelligence (AI), a transformative technology that holds the promise of automating entity verification and monitoring, thereby reducing the risk of fraud and criminal activities.
The Global Legal Entity Identifier Foundation (GLEIF) plays a pivotal role in monitoring and facilitating the adoption of the Legal Entity Identifier (LEI) in regulatory reporting and supervision. GLEIF regularly updates its list of current and proposed regulatory activities involving the utilisation of LEIs, reflecting the ongoing commitment to transparency and regulatory compliance.
A blog post by Global Legal Entity Identifier Foundation (GLEIF) CEO Stephan Wolf provides a tantalising view of a new approach to digital identity for business reports (amongst countless other things).
The Global Legal Entity Identifier Foundation GLEIF and Open Ownership have joined forces to introduce Legal Entity Identifiers (LEIs) into datasets that are in line with with the Beneficial Ownership Data Standard.The primary goal is enhancing transparency in corporate ownership and control in support of secure, faster payments.
With data from all across the globe, it’s crucial the Global Legal Entity Identifier Foundation (GLEIF) work with data standards to ensure that the Legal Entity Identifier (LEI) is reliable worldwide.
The Global Legal Entity Identifier Foundation (GLEIF) has launched an Issuer Qualification Program for the verifiable Legal Entity Identifier, or vLEI.
The Global Legal Entity Identifier Foundation (GLEIF) marked a milestone this week with the first ever use of the verifiable Legal Entity Identifier (vLEI), in the signing of its 2021 annual report.
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