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EBA to mandate LEI: But key questions remain unanswered
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31 Jan
2014

EBA to mandate LEI: But key questions remain unanswered

JWG analysis. In late October, the European Banking Authority (EBA) released a consultation on the use of the Legal Entity Identifier (LEI) for CRD IV’s risk reporting requirements.  Now that the consultation phase has been concluded, firms may only have around 60 days to register LEIs for all their entities that report under CRD IV. Read More

03 Oct
2013

Regulatory roadblock bypassed: ROC endorses 3 pre-LOUs for mutual acceptance

The Regulatory Oversight Committee (ROC) for the Legal Entity Identifier (LEI) system has endorsed 3 Local Operating Units as being compliant with the ROC’s criteria for mutual acceptance. The 3 pre-LOUs endorsed are Germany’s WM Datenservice, France’s INSEE, and the CFTC’s CICI utility. With 13 pre-LOUs in existence, it’s likely we’ll be seeing this list Read More

10 Jul
2013

INSEE approved as first French pre-LOU

  • 10th July 2013
  • RegTechFS

INSEE has now gone live as the first French pre-LOU able to issue pre-LEIs. Details can be found on their website here (in French) . Translation below: The G20 has approved the unique device for intentifying market participants (global LEI system, GLEIS) agreed at the June 2012 Los Cabos Summit, which will facilitate the management Read More

26 Apr
2013

The LEI: From interim identifiers to a global standard

  • 26th April 2013
  • RegTechFS

Recently, CFTC Commissioner Scott O’Malia issued a blistering condemnation of the lack of data standards within financial services regulation: “the Commission told the industry what information to report, but didn’t specify which language to use. This has become a serious problem…. nobody should be under the illusion that promulgation of the reporting rules will enhance Read More