The Global Legal Entity Identifier Foundation (GLEIF) has unveiled the issuance and technical infrastructure models that it will deploy in its new verifiable LEI (vLEI) system.
The Global Legal Entity Identifier Foundation (GLEIF) has announced enhancements to its Legal Entity Identifier (LEI) search engine, adding rich data functionality. It has also published a companion API to enable third-party developers to automate and customise searches, potentially supporting a wide variety of LEI data use-cases globally.
This week the Global Legal Entity Identifier Foundation (GLEIF) announced the next step for the Legal Entity Identifier (LEI): a fully digital LEI service capable of enabling instant and automated identity verification across all industries worldwide.
Last week the US Commodity Futures Trading Commission (CFTC) adopted a proposal to expand the use of Legal Entity Identifiers (LEIs).
The Financial Stability Board (FSB) announced that the Global Legal Entity Identifier Foundation (GLEIF), responsible for the LEI, would begin overseeing the unique identifiers used to track over-the-counter (OTC) derivatives this week from 1 October.
When public companies across Europe begin filing annual financial reports in the digital, machine-readable ESEF format at the start of 2020, alongside introducing iXBRL tagging, they will also begin to embed their Legal Entity Identifier (LEI) within reports.
The European Banking Authority (EBA) is expanding its publication of key risk indicators about some of the world’s largest financial institutions. Globally systemically important institutions (or “G-SIIs”) each have on and off balance sheet exposures in excess of EUR200bn.
A recent European Commission (EC) consultation – designed to inform the new EU digital finance strategy – has been considering amendments to the EU regulatory framework in response to rapidly evolving financial-technology landscape.
The European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) have called for further standardisation of data and the use of digital entity identifiers in their responses to the European Commission’s consultation on a new EU Digital Finance Strategy.
In reporting, the only thing likely to create more confusion than having two standards covering one field, is having two XBRL taxonomies representing the same standard. Computers are terribly literal machines and won’t understand, for example, that Japan.LEI and Mexico.LEI are referencing the same thing.