LEI

ISLA, LEI, SFTR

The International Securities Lending Association has today published a paper titled ‘The LEI & Securities Finance Transaction Regulation (SFTR)’ Against the backdrop of the Securities Financing Transaction Regulation (SFTR) that…

FSB publishes peer review of implementation of the Legal Entity Identifier

May 28, 2019

Financial Stability Board, FSB, Legal Entity Identifier, LEI

The Financial Stability Board (FSB) published today a Thematic Review on Implementation of the Legal Entity Identifier (LEI). The LEI is a 20-character, alpha-numeric code that was introduced following the…

Regulatory reporting generates huge data sets, but what happens next?

June 28, 2018

Andrea Ferrise

Big Data, Europe, Regulatory, Technology, Trade Repositories

Big Data, collateral, LEI, Regulatory, topstory, Trade repositories, Unavista

The lure of big data to support regulatory oversight of risk, collateral chains and market behavior is strong, but regulators must be ready for big data analytics. This creates a…

Global LEI Foundation calls on LEIs for fintech firms in response to Basel Committee consultation

November 20, 2017

Anna Reitman

News and Notes – Fintech

Basel Committee, GLEIF, LEI

In comments to the BCBS for the effective and successful implementation of fintech in the banking sector, the Global Legal Entity Identifier Foundation (GLEIF) recommended LEIs for fintech firms. Stephan…

Thomson Reuters introduces LEI profiling service to ease MiFID II preparedness

October 4, 2017

Richard Stinchfield

News and Notes – Fintech

LEI, Thomson Reuters

LONDON/ NEW YORK, September 28, 2017 – In answer to a requirement taking effect on Jan. 3, 2018 that investment firms uniquely identify parties to trades or transactions under Europe’s…

Global Legal Entity Identifiers are a technical convenience but do nothing to combat bad actors

September 18, 2017

Richard Stinchfield

Big Data, Blockchain, Operations, Regulatory, Risk Management, Systemic Risk, Tax, Technology

artificial intelligence, DLT, Know Your Customer, LEI, regtech, topstory

The quest to assign Global Legal Entity Identifiers (GLEIs) is a misguided effort to assign legal responsibility where none belongs, and ends up making suspicious actors in financial markets look…

CPMI and IOSCO: Harmonisation of the Unique Transaction Identifier consultation paper

August 20, 2015

CMPI, IOSCO, LEI

G20 Leaders agreed in 2009 that all over-the-counter (OTC) derivatives contracts should be reported to trade repositories (TRs) as part of their commitment to reform OTC derivatives markets in order…

ISDA Launches UTIPrefix.org to Help Drive Global Data Standards

May 7, 2015

ISDA, LEI, UTI

NEW YORK, May 7, 2015 – The International Swaps and Derivatives Association, Inc. (ISDA) today announced the launch of UTIPrefix.org, a service that enables counterparties to obtain a unique trade…

OFR looks at data transparency in securities financing: there is still a lot of work to do

April 28, 2015

Big Data, Dodd-Frank, Federal Reserve, Financial Stability Board, Market infrastructure, Primary Dealers, Repo, Securities Lending

Dodd-Frank 984(b), Legal Entity Identifier, LEI, sec, topstory

The Office of Financial Research (OFR) published a report “Repo and Securities Lending: Improving Transparency with Better Data” (April 23, 2015) written by Viktoria Baklanova. There paper makes some interesting…

The FSB on Trade Repositories: Is it a Tower of Babel?

November 7, 2012

CCP, Derivatives, OTC Derivatives Clearing, Regulatory, Systemic Risk, Trade Repositories

CPSS-IOSCO, Financial Stability Board, FSB, I, IOSCO, LEI

The Financial Stability Board (FSB) released “OTC Derivatives Market Reforms, Fourth Progress Report on Implementation” at the end of October. This report’s focus is on infrastructure readiness; specifically looking at…

CAPCO on trade repositories: full of unintended consequences

October 10, 2012

Derivatives, Regulatory, Repo, Technology, Trade Repositories

CAPCO, ESMA, Legal Entity Identifier, LEI, Unique Swap Identifier, Unique Transaction Identifier, USI, UTI

An October 2, 2012 article on the CAPCO web site caught our eye. Entitled “Trade repository reporting: The regulation of unintended consequences” by Tom Riesack, the post looked at the…

ECB to set up Repo Database: devil will be in the details

September 24, 2012

Europe, Repo, Securities Lending, Shadow Banking, Uncategorized

Europe, Legal Entity Identifier, LEI, Repo, Securities Lending, Shadow Banking