The global adoption of Legal Entity Identifiers (LEIs) could save investment banks more than $150 million and their banking colleagues up to $500 million in the issuance of letters of credit, according to a new white paper report that management consultancy McKinsey & Co. produced on behalf of the Global Legal Entity Identifier Foundation (GLEIF)…. Read More >>
FTF Announces 2017 Award Winners
Financial Technologies Forum (FTF) has just announced the winners in its awards competition for post-trade securities operations, which turned out to include a nod to the emerging technology of blockchain/distributed ledger technology (DLT). Approved industry participants and a not a panel of judges selected the winners for the 2017 FTF News Technology Innovation Awards, reports… Read More >>
Global LEI Overseer Officially Blesses DTCC’s GMEI
The Legal Entity Identifier (LEI) utility subsidiary of post-trade infrastructure provider DTCC has gotten an official accreditation from a global overseer that will boost the number of LEIs in the system and bolster the initiative, says Ron Jordan, managing director, chief data officer at the DTCC. In fact, the blessing from the Global Legal Entity… Read More >>
Bloomberg Applies to Join Global LEI Effort
Bloomberg, the eponymous market data, trading systems and media company headed by the billionaire former New York City mayor, has applied to the Global Legal Entity Identifier Foundation (GLEIF) to become a local operating unit (LOU) in the global legal entity identifier system (GLEIS). Privately held Bloomberg is “working to establish the infrastructure and other… Read More >>
GLEIF Takes Charge of the LEI Effort
Editor’s note: The Global Legal Entity Identifier Foundation (GLEIF), the body overseeing the Global Legal Entity Identifier (LEI) System, has taken center stage in the effort to promote the usage of the LEI standard. In fact, GLEIF has just launched the Global LEI Index, “a golden copy of all past and current LEI records including… Read More >>
LEI Updates from GLEIF & CFTC
The global Legal Entity Identifier (LEI) infrastructure is coming together, slowly but surely. This week the inaugural board meeting of the Global Legal Entity Identifier Foundation (GLEIF) established a funding plan for LEIs, and the CFTC extended the designation of the utility operated by the post-trade services company DTCC and the financial messaging cooperative SWIFT… Read More >>
Global LEI Group Opens for Business
The board of the Global Legal Entity Identifier Foundation (GLEIF), established by the Financial Stability Board (FSB), has held its first meeting, marking a first step in the creation of a global LEI system, officials say. The FSB, created by G7 and G20 finance ministers and central bank governors, is meant to coordinate the work… Read More >>
