Earlier this month the Global Legal Entity Identifier Foundation (GLEIF) held a Meet the Market event in order to explore areas the Legal Entity Identifier (LEI) could be further adopted within industry and the public sector. In an opening speech, Klaas Knot, Netherlands Central Bank Governor, described the valuable role the LEI can play in […]
Interesting news from the Global Legal Entity Identifier Foundation (GLEIF) this week as research shows that wider use of the Legal Entity Identifier (LEI) by banks could unlock an estimated US $2-4 billion across the global banking sector annually. While the LEI has been proving beneficial for identification in regulatory environments for some time now, […]
A Global Legal Entity Identifier Foundation (GLEIF) blogpost this summer provided an overview of the latest news relevant to Legal Entity Identifier (LEI) adoption, highlighting the growing recognition of the LEI’s contribution to the development of a global, digital economy. In May we reported on the Global Legal Entity Identifier Foundation (GLEIF) taking the first small step in […]
This great new video from the Global Legal Entity Identifier Foundation (GLEIF) clearly explains the process and advantages of Inline XBRL and unique digital identifiers. GLEIF recently published its annual reportusing machine-readable Inline XBRL format and embedding GELIF’s own Legal Entity Identifier into the financial information for the first time. The process of embedding an entity’s LEI […]
Since 2012 the Global Legal Entity Identifier (LEI) System has been used to uniquely identify over 1.4 million entities in more than 200 countries, standardising the identification of entities globally and bringing substantial regulatory benefits. However, take up beyond financial services is still slow, and further adoption is needed for the identifier to meet all of […]
Giant Leap for Global Trust: GLEIF creates LEI Digital Certificates, uses Inline XBRL Annual Report to demonstrate.
The Financial Stability Board (FSB) has taken a key step in its plan to introduce a Unique Product Identifier (UPI) for over-the-counter (OTC) derivatives. Why? Remember Lehman Brothers? The process of winding up the various parts of the investment behemoth took more than 10 years. Understanding who had financial claims against which instruments, in which countries, […]
The European Securities and Markets Authority (ESMA) has published a webinar on the Legal Entity Identifier (LEI). The webinar, which is available to view on YouTube, covers LEI requirements under MiFID II and other legislation such as EMIR and SFTR. A number of EU regulations and directives already require the use of a LEI, and […]
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, […]
The Financial Stability Board (FSB) has highlighted the importance of encouraging innovation for financial stability in a letter that draws attention to issues for G20 leaders to consider.
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