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 […]
Building on work carried out earlier in the year in which “who owns whom” information (child to parent relationship links) started to be collected, the GLEIF’s oversight Board, the ROC, now seeks to incorporate more complex relationship data within the Funds Management industry. The main aim of the report is to move beyond reporting singular ‘fund family’ […]
Users can now directly access the complete LEI data pool in real-time following the launch of a new API.
The Global Legal Entity Identifier Foundation (GLEIF) has recently published a list of current and proposed initiatives using the global LEI for regulatory reporting and supervision. Authorities in individual jurisdictions mandate the use of these increasingly important pieces of reference data. GLEIF is monitoring the initiatives and will continue to update this list regularly. At […]