“
#LEIs
facilitate streamlining a process & further assist w/ reduced transaction time, increased customer satisfaction, & reduction in operational costs… Additionally, the digital identifier also minimizes hassles pertaining to
#KYC
& due diligence”-
@lcx
#BIC
to
#LEI
relationship file is built upon mapping process established by
@swiftcommunity
& certified by GLEIF. It allows gathering, aggregating & reconciling counterparty info across parallel ID platforms.
#KYC
#Finance
. Latest monthly file published.
.
@BIS_Org
’s CPMI stage 2 report to
#G20
on enhancing cross-border
#payments
: “Promoting the adoption of common message formats… & use of
#LEI
& common protocols for
#data
exchange directly mitigates friction around fragmented & truncated data.”
#Banking
.
@BIS_org
Innovation Hub is conducting a study on corporate
#digital
#identity
(DID) & invite the public to complete a questionnaire by Sept 10, 2021. The goal is to understand and collate innovative ideas on how to automate & thereby improve applications of corporate DID.
#LEI
.
@WeArePayUK
: “Wide adoption of
#LEI
by all types of businesses in UK could help unlock significant benefits for UK economy & we will continue to work in conjunction with
@bankofengland
& other stakeholders to promote awareness”
#Payments
#Finance
(1/3)
Introducing the new GLEIF Brand!
#GLEIF
has a new look & feel - & we’re beyond excited to share those with you.
While GLEIF’s vision remains constant, a fresh, clean brand identity, including a new logo, strapline & trust marks, has been created.
#LEI
.
@CoinDesk
: The blockchain-based identity model has a shot at legitimacy in the global financial system.
@GLEIF
is launching a pilot with
@Evernym
, which uses
#Sovrin
protocol &
#Blockchain
technology to build self-sovereign credentialing systems.
GLEIF applauds
@ESMAComms
’s long-term priorities, incl. enabling
#sustainable
#finance
& facilitating tech innovation & effective
#data
use. By embedding sustainability in all its activities, ESMA plans to support the transition to a more sustainable economic & financial system.
2023-04-27: Join GLEIF’s Head of Business Operations, Clare Rowley, in this interactive webinar along with the
@UN
and
@WTO
’s
@ITCnews
to learn about the
#LEI
and how it can provide clear & unique identification for your firms in their financial transactions.
#Finance
#Identity
Attention, market participants! 📢
The
@BIS_org
Committee on Payments & Market Infrastructures (CPMI) published today the final report regarding the harmonized ISO 20022
#data
requirements for enhancing cross-border
#payments
.
Under the
#G20
cross-border payments program, this
The CPMI today published harmonised
#ISO20022
data requirements, establishing a consistent minimum set of messaging data for more efficient
#CrossBorderPayments
What does an 'organization wallet' look like, & how can organizational credentials help us prove "Who's Who"? Join us on 2020-05-19 as we discuss our latest project with
@evernym
:
#LEI
#Digital
#Identity
#Standards
In
@RuffTimo
& GLEIF CEO Stephan Wolf's article, they delve into
#LEI
in second-gen verifiable credentials, elevating trust, verification & cross-industry recognition, reducing fraud & boosting credibility. LEIs are pivotal for the future of digital identity verification.
#BIC
to
#LEI
relationship file is built upon mapping process established by
@swiftcommunity
& certified by GLEIF. It allows gathering, aggregating & reconciling counterparty info across parallel ID platforms.
#KYC
#Finance
. Latest monthly file published.
.
@vrfyvasp
will equip their clients, such as Dunamu, with
#LEIs
to mitigate risks associated with the transfer of virtual assets & ownership identification, thus facilitating compliance with
@FATFNews
’s Travel Rule and other crypto-related regulations, such as
@EUCouncil
’s
#MiCA
.
Our CEO Stephan Wolf spoke to
@paymentbanking
about the
#LEI
, as a globally recognized form of
#businessID
, and how automated identity verification between counterparties leads to greater
#transparency
, legal certainty and strengthens trust between market participants.
ICYMI: GLEIF has partnered with the FIT Alliance on the “Declaration of the Bill of Ladings (eBL)” for a more efficient trade ecosystem based on
#Digital
#Standards
. We support the initiative by leveraging
#LEI
– ISO 17442 - for verifying counterparties globally - Via
@gtreview
.
@swiftcommunity
's Payments Market Practice Group (PMPG) just released a document on integrating the Legal Entity Identifier (
#LEI
) into ISO 20022 payment messages. 🚀 This is a significant response to the evolving financial landscape.
By publishing the first ever digital business report with an embedded
#LEI
,
@GLEIF
and
@xbrlint
have taken the first step in revolutionizing the process of publishing, accessing & aggregating trusted digital financial info.
#XBRL
#Finance
#digitization
Looking @ legal entity identities benefits in supply chains, the handling of dangerous goods shows how
#vLEI
can add to compliance, efficiency, & innovation. This can also be used with other goods, like fakes & others under
#SupplyChain
regulations.
👉
@IDC
Technology Spotlight
In our latest blog post, Elsa Madrolle, General Manager, Europe at VerifyVASP (
@vrfyvasp
), explains the role that the
#LEI
plays in promoting
#Trust
&
#Transparency
across the virtual asset ecosystem, & explores the drivers for becoming a Validation Agent.
#Crypto
#DigitalAsset
GLEIF and
@OpenCorporates
have strengthened their long-standing partnership by linking the
#LEI
with the corresponding records in OpenCorporates’ global legal-entity data, which constitutes one of the world’s largest open legal-entity database.
2020-05-20: GLEIF’s Head of Business Operations Clare Rowley participates in a task force panel by
@CEPS_thinktank
on Anti-Money Laundering in the
#EU
, where she gives an update on using the
#LEI
as a tool in combating
#AML
. Check it here:
GLEIF today announces the publication of its verifiable
#LEI
(
#vLEI
) Ecosystem Governance
#Framework
- New, standardized, & decentralized ecosystem based on
@trustoverip
Governance Metamodel supports
#digital
identity for all legal entities globally.
#Standards
GLEIF &
@OpenOwnership
have integrated LEIs into Beneficial Ownership
#Data
Standard datasets for the first time. This collaboration enhances
#transparency
in corporate ownership & control, promoting safer, more efficient global
#payments
& a secure financial environment.
GLEIF published latest Global
#LEI
#DataQuality
report assessing data quality of entire LEI data pool. We make available the only global online source providing open, high quality & standardized entity reference data.
#OpenData
#RiskManagement
The
@UNDP
,
@MAS_SG
,
@TheBankofGhana
,
@GLEIF
, &
@SMEFinanceForum
launched Universal Trusted Credentials (UTC) for global MSME financing. GLEIF CEO Stephan Wolf sees
#LEI
as a game-changer, enabling quick cross-border due diligence, wider trade finance access, & compliance support.
🎉 Exciting news! GLEIF has won the Future Technologies &
#Standards
award at
@eic_conference
2023! 🏆✨ Congrats to Christoph Schneider, Head of IT Development & Operations, for accepting this prestigious recognition on behalf of
#GLEIF
.
#LEI
A
#vLEI
is the digital counterpart to an
#LEI
. It's a decentralized
#digital
ID that can establish computational
#trust
between legal entities worldwide for all kinds of transactions and interactions.
Get an
#LEI
& Make it Work for You: An Introduction to LEI &
#GLEIF
- This video outlines how LEI empowers market participants to cut costs, simplify & accelerate operations & gain deeper insight into the global market place.
#KYC
#Identity
#Transparency
.
@BIS_org
recently launched a consultation aiming at harmonizing the new
#ISO20022
payment messaging standard. Check out our latest blog post by GLEIF's Clare Rowley, Head of Business Operations, to find out the numerous benefits that the
#LEI
can bring to cross-border payments.
Discover how we maintain critical data
#standards
for compliance & regulatory trust in global
#LEI
system. Check out the latest episode of "GLEIF Explains" w/ Data Scientist Yogitha Sai Baddela, discussing how CDF formats keep
#LEIs
as benchmark for regulators & legal entities.
This tool will allow banks, investment firms, corps, govs & other large orgs to retrospectively analyze their master data, extract the legal form from the unstructured text of the legal name & uniformly apply an ELF code to each entity type, according to the
#ISO20275
standard.
.
@ESMAComms
’s
#AIFMD
review “recommends explicitly requiring all AIFMs to acquire & report an
#LEI
for themselves & their AIFs. This should apply to all types of AIFMs & their AIFs. This change would enhance effectiveness & efficiency of reporting regime”
@isostandards
Here are some facts on the
#ISO17442
: Legal Entity Identifier (LEI)
• It is a global standard. 🌍
• A single, unique identifier is assigned to each legal entity.
• It is supported by high data quality.
• It is a public good, available free of charge to all users.
📢 The European Banking Authority (EBA) introduces a discussion paper on Pillar 3
#data
hub processes and explores the potential of verifiable Legal Entity Identifier (
#vLEI
) for enhanced
#digital
identity. 🚀 Submit comments by March 29 via the
#EU
survey. Register for the
See the new
#EBA
discussion paper on the centralisation of EEA banks
#Pillar3
disclosures in the EBA Pillar 3 data hub, which aims provide a single access point to the prudential information disclosed by all institutions of the EEA.
On Feb. 8, 2024,
@SECGov
&
@CFTC
jointly adopted amendments to Form PF, the confidential reporting form for certain SEC-registered
#investment
advisers to private
#funds
.
“We are adopting, as proposed, amendments to the definition of “LEI” to exclude the use of any non-LEI
This
#eBook
introduces the
#vLEI
& benefits it will bring to gov orgs, companies, & other legal entities worldwide. It presents an overview of the vLEI
#trust
ecosystem, explains how the vLEI works, & explores the trust chain that safeguards the integrity of the system.
#LEI
GLEIF welcomes support for the
#LEI
within the
@BIS_org
’s Committee on Payments & Market Infrastructures (CPMI) 'Harmonized
#ISO20022
data requirements for enhancing cross-border
#payments
', alongside the Wolfsberg Group's updated 'Payment
#Transparency
#Standards
'.
.
@wto
Aid for Trade Global Review 2019, session 9 (audio
@17
’00): “
#LEI
(…) backed by
#blockchain
might be revolutionary in
#TradeFinance
. A single identifier for all legal entities can level the playing field for SME importers in developing countries”.
We've recently launched a new video series called '
#GLEIFExplains
' featuring our knowledgeable colleagues discussing a range of topics related to
#LEI
,
#vLEI
, the Global LEI System, & our
#DataQuality
Management program.
Have you checked it out yet?
GLEIF updates on current & proposed rulemaking including usage of
#LEI
. Last updated 2019-04-01. Latest updates include information on use of LEI under the European Union’s Securities Financing Transactions Regulation (
#SFTR
).
#Regulation
#Compliance
Did you know? GLEIF regularly provides responses to public consultations published by regulatory authorities & organizations. GLEIF’s responses focus on the use of
#LEI
& identity management.
#EntityData
#Regulation
#DataManagement
Check them here:
Digital entity authentication is challenging without traditional trust markers, leading to high fraud risks.
GLEIF's
#vLEI
offers instant verification for legal entities & their reps, using
#KERI
for secure interoperability with all tech models.
This step increases the public availability of open and reliable legal entity data for businesses & society. This will help to promote transparency and increase trust in the business environment and simplify and reduce the cost of customer and third-party management.
#KYC
#AML
Did you know? Global
#LEI
Index is the only global online source that provides open, standardized and high quality legal entity reference data. Find out who is who and who owns whom easily, quickly and free of charge.
#KYC
#RiskManagement
#OpenData
As we mark one year since the implementation of the
#ROC
's policies on new
#data
formats, we take a moment to reflect on the progress made & showcase how this data is enhancing
#business
operations for members of the Global
#LEI
System. Read our latest blog to learn more.
New GLEIF Video: How to Simplify Identification in the Global
#Digital
#Economy
with
#LEI
. This video explains how the LEI can play a pivotal role in overcoming challenges and simplifying entity identification in a digital world.
#Certificates
#Standards
The Transparency Fabric, a joint effort by GLEIF,
@OpenOwnership
&
@Open_Sanctions
, is reshaping the battle against money laundering! Streamlining cross-border payment checks with accurate data & int'l identifiers boosts efficiency in
#compliance
efforts.
Join us tomorrow for an exciting update on the cutting-edge verifiable Legal Entity Identifier (
#vLEI
) by Karla McKenna from GLEIF at the
@Hyperledger
Identity Special Interest Group! 🚀
#LEI
📅 Thursday, October 5th
⏰ Time: 11 a.m. EDT
🔗 Learn more 👇
The
@B20
,
@BusinessatOECD
, &
@ioevoice
paper emphasizes boosting business productivity by addressing private sector working capital. It highlights reliable early payment platforms, anchored in secure principles like
#LEI
, to remove capital barriers & ease global payments.
GLEIF's CEO, Stephan Wolf, will speak at
@gtreview
's annual
#GTRAsia
tomorrow. Stephan will discuss how to leverage existing standards, such as the
#LEI
, to drive digitalization across all corners of the global economy and bring the prospect of digital trade closer to reality.
Did you know? GLEIF regularly provides responses to public consultations published by regulatory authorities & organizations. GLEIF’s responses focus on the use of the
#LEI
& identity management.
#EntityData
#Regulation
#DataManagement
Check them here:
Need to find out who owns whom? Explore our complete LEI data pool to identify corporate ownership structures. Get accurate information quickly and free of charge.
.
@Kaizenreporting
on relevance of
@ANNA_ISIN
& GLEIF
#ISIN
to
#LEI
mapping for
#SFTR
: “Given…the requirement to populate the issuer LEI for every piece of security collateral, this is a very welcome development to facilitate the reporting requirements.”
If
#banks
around the world broaden
#LEI
usage beyond regulatory reporting in capital markets to other banking business lines, such as trade financing, corporate banking &
#payments
, this will result in cost & time savings.
#KYC
#Banking
Find out more:
ICYMI: The Legal Entity Identifier (
#LEI
) enables clear & unique identification of legal entities engaging in financial transactions. Now more than one million LEIs issued globally.
#Transparency
#OpenData
#Finance
#KYC
We extend our best wishes for a happy holiday season and a prosperous New Year on behalf of all of us at GLEIF. We will be back with more exciting
#LEI
news starting in January 2022.
#Finance
#DigitalIdentity
#KYC
#RiskManagement
The Board of Directors at GLEIF is thrilled to announce Alexandre Kech (
@AlexandreKech
) as the new Chief Executive Officer (CEO), with his tenure set to commence on June 26, 2024. Before officially taking the helm, Alexandre will join GLEIF as CEO-elect starting May 1, 2024.
GLEIF showcases how
#LEI
should be included within
#digital
, machine-readable financial doc on basis of
@ESMAComms
’
#ESEF
mandate, to enhance trust & ease data aggregation, & demonstrates how simple it is to incorporate LEI into electronic signatures.
GLEIF’s third Open Source project ‘Relationship Visualization Tool’ created in collab w/
@CorrelAid
, is now published. It allows anyone to search for
#LEI
& view the relationship graph in an easy to understand & user-friendly way.
#OpenSource
#OpenData
2020-11-12: Join GLEIF’s Head of
#Data
Quality Management & Data Science Zornitsa Manolova’s session at
@BDWFrankfurtsharing
, sharing how the team built a framework to define, measure & monitor
#DataQuality
to remediate issues before they emerge.
#BDWF
TrustCubes on connecting the
#LEI
ecosystem to the SSL/TLS certificate world: “LEI has the potential to be a central single corporate identifier for a multitude of use cases”.
#Digitization
#DigitalCertificates
#Identity
The
@EUCouncil
has recently adopted the first-ever EU rules on markets in crypto-assets (MiCA), aiming at improving transparency & preserving financial stability. That's precisely why the
#LEI
will be required in applications for authorization as a crypto-asset service provider.
New GLEIF Blog: Of the many sectors that rely on counterparty identification & verification, GLEIF has identified
#banking
as a key global sector in which scaling adoption of
#LEI
could create substantial & quantifiable value in the near to mid-term.
#LEI
adoption gets boost as
@jpmorgan
becomes 1st validation agent – Since LEI registration process calls for similar client data as used by
#banks
in
#KYC
&
#AML
, the process is direct & involves no additional steps, S. Wolf, GLEIF CEO, tells
@gtreview
In coop with its partners in the Global
#LEI
System, GLEIF continues to focus on further optimizing the quality, reliability & usability of LEI data, empowering market participants to benefit from the wealth of info available with the LEI population
#KYC
On average, it takes financial services firms 6-7 weeks to onboard a new client organization. Why not use a standardized approach based on
#LEI
instead? Check GLEIF report ‘A New Future for Legal Entity Identification’.
#KYC
#Banking
#Standards
GLEIF’s new challenge facility extends the ability to trigger updates of
#LEI
data to all interested parties. It now also supports challenging relationship information shown on LEI Search 2.0.
#Data
#RiskManagement
#Standards
#DataManagement
"ESMA believes that certain specific initiatives would support this goal, such as developing Digital Financial Identities, that are usable and recognised throughout the EU, based around the existing ISO 17442 global standard of the Legal Entity Identifier (
#LEI
)."
Cooperation around financial innovation is 🗝️ to remove fragmentation in the digital financial services market in EU.
Developing Digital Financial Identities based on ISO 17442 global standard of the Legal Entity Identifier would support this goal.
.
@ESMAComms
shares
@GLEIF
’s Annual Report 2019 as an example of an annual financial report in new European Single Electronic Format (
#ESEF
). It provides issuers w/ an example for their submissions to national Officially Appointed Mechanisms. Check it here:
ICYMI: GLEIF’s third Open Source project ‘Relationship Visualization Tool’ created in collab w/
@CorrelAid
, is now published. It allows anyone to search for
#LEI
& view relationship graph in an easy to understand & user-friendly way.
#OpenSource
#OpenData
In this new guest blog,
@stephen_abbott
, Head of Technology,
@OpenOwnership
, explains why the collaboration with GLEIF has the potential to improve screening processes & enhance support for
#AML
,
#CTF
, customer due diligence &
#sanctions
enforcement efforts globally.
#KYC
#LEI
Did you know? Getting an
#LEI
is easy. Simply contact your preferred business partner from the list of LEI issuers. They supply registration, renewal & other services, & act as the primary interface for legal entities wishing to obtain an LEI.
#Standards
The Global Legal Entity Identifier Foundation (GLEIF) has been shortlisted in the G20 TechSprint 2023 organized by
@RBI
,
@g20org
, and
@BIS_org
for our joint project with
@open_sanctions
and
@OpenOwnership
: ‘The Transparency Fabric’!
We want to congratulate all the winners,
The BIS and Reserve Bank of India
@RBI
have just announced the winners of the G20 TechSprint 2023, focused on innovative solutions for cross-border payments. Read more:
New GLEIF
#API
give developers access to the full
#LEI
#Data
search engine functionality, including filters, full-text and single-field searches of legal entity & ownership data, & “fuzzy” matching of relevant data fields such as names & addresses.
GLEIF’s Senior Business Relations Manager, Ricco Dun, will give an
#LEI
update during
@CorpRegForum
Maldives 2022 tomorrow, the 23rd of September 2022. This edition is titled: ‘Transforming Business Registries For The Post-Pandemic Era’. More info here:
As the 1st Validation Agent (VA) appointed by GLEIF in India in March 2022, we've invited
@DataRubix
's Co-Founder & CEO, M. Ramaswamy, to discuss how this has facilitated Rubix's efforts to enhance financial inclusivity for
#SMEs
throughout India.