We are pleased to announce that Karla McKenna, Head of Standards at the Global Legal Entity Identifier Foundation (GLEIF) has been elected to the XBRL International Board of Directors.
Great news this week as the efficiencies to be gained when tagging and structuring data bear fruit. The Global Legal Entity Identifier Foundation (GLEIF) released a Beta version of the LEI search tool 2.0 on Tuesday. The Legal Entity Identifier (LEI) enables clear and unique identification of entities engaging in financial transactions – put simply, […]
XBRL International’s Technical Director, Paul Warren demonstrated the way that fully valid Inline XBRL documents can be created that are indistinguishable from “glossy” PDFs, while still containing all of the markup that regulators (and markets) need. We will be publishing a range of information about these techniques and some examples will be made available on […]
Standardisation, be it in the realm of technology or definitions/semantics, is essential for clarity, comparability and efficiency.
Regulators in many jurisdictions have mandated the use of Legal Entity Identifiers (LEI) to increase transparency and reduce risks in financial markets – however, the question of identity at a national level, and outside of the finance sector, can be complex and inefficient. The LEI ROC (Regulatory Oversight Committee) progress report recommended that individual jurisdictions […]
This week the Association of National Numbering Agencies (ANNA) and the Global Legal Entity Identifier Foundation (GLEIF) have announced the signing of a new initiative to link International Securities Identification Numbers (ISINs) and Legal Entity Identifiers (LEIs). The aim is to help improve the transparency of exposure by linking the issuer and issuance of securities. […]
At this week’s GLEIF workshop in San Francisco, a host of experts from around the world gathered to discuss identity in all shapes, ranging from regulatory reporting to commercial applications in cutting-edge consumer platforms. The focus of the meeting turned on digital identity, and the opportunities that exist to use the LEI as a part […]
Collaborative research between GLEIF and the research agency Loudhouse has identified a number of key challenges with legal entity identification in the financial sector. The research surveyed over 100 senior salespeople in the banking sectors of the UK, US and Germany. One of the key findings was that almost six in ten (57%) respondents spend […]
The Global Legal Entity Identifier Foundation (GLEIF) has published its first monthly relationship file matching a Business Identifier Code (BIC) assigned to an organisation against its LEI. This model, jointly undertaken by GLEIF and SWIFT is set to significantly streamline entity verification processes and reduce data management costs.
As of November 1st, 2017, the ‘Level 1 LEI-CDF Version 2.1 Concatenated File’ is now the authoritative source for business identification Level 1 data. Level 1 data refers to business card LEI reference information designed to identify ‘who is who’, including the name of the legal entity in question and its registered address. The GLEIF […]