The Global Legal Entity Identifier Foundation (GLEIF) has officially launched its website, a move the organization calls in a statement “an important milestone in the establishment of the Legal Entity Identifier (LEI) as a key component for a global entity identification management.” GLEIF was established in June 2014.
The GLEIF website contains information on the organization including details about the foundation, its mission, vision and governance, and its people. It also provides details about the LEI and how entities can obtain an LEI from the many GLEIF partners around the globe, officials say.
The website also offers information about the benefits provided by LEIs, and also provides stakeholders with the means to communicate with GLEIF officials. In the months ahead, the website will provide market participants with access in the languages of the G20 countries to the authoritative database of all LEIs issued globally and the associated reference data.
“We are very excited to release the GLEIF website as the primary means for stakeholders and the public in general to communicate with the GLEIF and follow its activities,” says Stephan Wolf, GLEIF CEO, in a prepared statement.
The GLEIF was established by the Financial Stability Board (FSB) in Basel, Switzerland and is overseen by the Regulatory Oversight Committee (ROC), officials say.
GLEIF was created to establish and oversee the LEI as a unique key for the identification of legal entities for multiple purposes, including “improved risk management, better assessment of micro- and macro-prudential risk, facilitation of orderly resolution, transparency into market abuse, curbing financial fraud, increased operational efficiency, and higher overall quality and accuracy of legal entity data,” officials say.
The site can be found at http://www.gleif.org/en
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