Legal entity identifiers (LEIs)
LEI Foundation to Focus on Search for CEO, But COU Unlikely This Year
Following its inaugural meeting last week, the board of directors of the global legal entity identifier foundation is to focus on finding a CEO of the foundation, but does not expect the central operating unit of the system to be up and running before…
Compliance Through Crowd Computing -- Webcast
On June 25, Inside Reference Data hosted a webcast about how crowd computing can help financial institutions manage the requirements of new regulations by enabling them to combine automation tools, subject matter experts and online workers
EIOPA Seeks Feedback on Plans to Mandate LEI Usage
The Frankfurt-based supervisory authority for the insurance industry is seeking feedback on its plans to make use of legal entity identifiers mandatory in Europe
LEI Common File Format Published
Adoption of a common file format for pre-legal entity identifiers is intended to reduce the likelihood of duplicate records and incorrect data, and to make it easier to integrate data from different pre-local operating units
Toronto FIS: IRD's Editor Shares Highlights
Inside Reference Data editor Michael Shashoua notes key themes discussed at the Toronto Financial Information Summit on June 10
LEI's Big Payoff
While the legal entity identifier is starting to produce value for data management operations, Fatca and BCBS 239 could follow suit in similar fashion
Securing LEI Success
From more regulatory mandates to standardized data quality checks, there was no shortage of suggestions of ways to ensure the success of the LEI project at the North American Financial Information Summit, writes Nicholas Hamilton
Stress Tests, Data Aggregation Get Bigger Parts in Risk Management
Risk data aggregation efforts are pulling in more sources of data and more functions and tasks, such as stress testing. Michael Shashoua reports
OFR's Reed Sheds Light on LEI's Omission from Fatca
Matthew Reed, of the Office of Financial Research and Regulatory Oversight Committee of the legal entity identifier project, says the LEI was not ready when the Internal Revenue Service made key decisions about Fatca, but suggests it will be added in the…
Citi Reaps Benefits of LEI, Despite Limited Coverage
At this week's North American Financial Information Summit in New York, Citi's head of entity data operations explained how the legal entity identifier has helped the bank improve standardization and increase the number of attributes held in client…
Adopting principles for effective risk data aggregation and internal risk reporting practices -- Webcast
On May 15, Inside Reference Data hosted a webcast about risk data aggregation and internal reporting practices, in which four experts in the field discussed the role of regulatory requirements and challenges for data management
LEI Benefits Will Take Longer, Data Provider Exec Says
In Japan, LEI data will eventually work as a common language for counterparty data, according to Denis Sweeney of Interactive Data
Swift Unveils Revamped Payments Reference Data Tool
International payments utility Swift has unveiled a new version of its Bankers World Online directory─part of its SwiftRef payments reference data suite─that now includes broader coverage and datasets, such as Business Identification Codes (BICs),…
Sifma tells FSOC Chair: More Regulators Must Require LEI
The Securities Industry and Financial Markets Association has highlighted the fact that only one US regulation requires the legal entity identifier and more than twice as many entities in Europe have registered for the identifier than in the US
Swift's Neutjens Talks Progress For Utility Platform
Over the past year or more, Swift has made major strides in reference data services with its SwiftRef platform. Patrik Neutjens, the organization's head of reference data, speaks with Michael Shashoua about its accomplishments and the work ahead
Impactful Actions
As regulatory pressure and the complexity of derivatives increase, Nicholas Hamilton explores why and how firms should monitor the impact corporate actions have on entities with which they have relationships
CFTC Opens Discussions on Standard Structure for Global UTI
The US Commodity Futures Trading Commission has begun speaking to other regulators about the possibility of creating a standard structure for a global unique transaction identifier
Legal Entity Identifiers special report
March 2014 - sponsored by: CUSIP Global Services; Noetic Partners; SIX Financial Information; Thomson Reuters
ROC Issues Details of Pre-LOU Common Data Format
The Regulatory Oversight Committee of the global legal entity identifier system has released the first details of a common data format that will be used by pre-local operating units, reducing complexity for users of pre-LEI data
EMIR and Wikis: A Wealth of Data
Reporting requirement aspects of European EMIR regulation are spurring service provider offerings, along with concerns about legal entity identifier issuance. Also, wikis present a data sourcing choice for the industry.
Short-Term Pain, Long-Term Gain
European legal entity identifier requirements have created a lot of work for data management practitioners. But HSBC’s Hany Choueiri tells Nicholas Hamilton that in the long term, the identifier can help firms manage big data, make a success of data…
Nicholas Hamilton: Surprise, Surprise
The nominations for the board of directors of the Global Legal Entity Identifier Foundation include some surprises and clues about the form the Central Operating Unit might take, writes Nicholas Hamilton.
Are You Sure You Don't Need A Pre-LEI?
Some industry participants have fallen into the trap of assuming requirements to report pre-legal entity identifiers under EMIR will not affect them, and they are running out of time to put things right
Pre-LEI Waiting Times Range From 24 Hours to Three Weeks as EMIR Looms
With implementation of EMIR weeks away, the production time for mandatory pre-legal entity identifiers varies between the pre-local operating units that issue the codes and depends on a number of factors