The Global Legal Entity Identifier Foundation (GLEIF) is celebrating ten years of the Global Legal Entity Identifier (LEI) System—a game-changer in global business transparency and security.
The Financial Stability Board (FSB) has released an updated progress report on the implementation of the Legal Entity Identifier (LEI) which was introduced in 2012 to standardise identification of counterparties in financial transactions globally.
After several years of discussion and planning, the Financial Data Transparency Act (FDTA) is poised to become a reality with the release of a draft rule proposal.
Earlier this month Campbell Pryde, President and CEO of XBRL US, addressed the complexities of identifying obligors in the municipal bond market. He highlighted how leveraging the Legal Entity Identifier (LEI) within the Municipal Securities Rulemaking Board’s (MSRB) Electronic Municipal Markets Access (EMMA) system can streamline data searches.
In an increasingly online world, the need to verify legal entities accurately is paramount. Enter artificial intelligence (AI), a transformative technology that holds the promise of automating entity verification and monitoring, thereby reducing the risk of fraud and criminal activities.
The Global Legal Entity Identifier Foundation (GLEIF) plays a pivotal role in monitoring and facilitating the adoption of the Legal Entity Identifier (LEI) in regulatory reporting and supervision. GLEIF regularly updates its list of current and proposed regulatory activities involving the utilisation of LEIs, reflecting the ongoing commitment to transparency and regulatory compliance.
As we have written here before, the Basel III requirement for banks to publish a range of safety and soundness data — a summary of the prudential data they disclose to central banks and regulators — has largely been a failure.
A blog post by Global Legal Entity Identifier Foundation (GLEIF) CEO Stephan Wolf provides a tantalising view of a new approach to digital identity for business reports (amongst countless other things).
The Global Legal Entity Identifier Foundation GLEIF and Open Ownership have joined forces to introduce Legal Entity Identifiers (LEIs) into datasets that are in line with with the Beneficial Ownership Data Standard.The primary goal is enhancing transparency in corporate ownership and control in support of secure, faster payments.
With data from all across the globe, it’s crucial the Global Legal Entity Identifier Foundation (GLEIF) work with data standards to ensure that the Legal Entity Identifier (LEI) is reliable worldwide.
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XBRL International is a global not for profit operating in the public interest. Our purpose is to improve the accountability and transparency of business performance globally, by providing the open data exchange standard for business reporting.
