GLEIF Launches Open Source MIC-to-LEI Mapping SWIFT, the global financial messaging services and systems cooperative, and the Global Legal Entity Identifier Foundation (GLEIF) are cooperating to offer financial services firms a new, free way to gather, aggregate, and reconcile counterparty information via a new interoperability across parallel identity platforms, officials say. GLEIF reports that it… Read More >>
CFTC Fines Citi in Second Swaps Reporting Case
The United States Commodity Futures Trading Commission has settled charges against Citibank, N.A. and Citigroup Global Markets Ltd. — two provisionally registered swap dealers, aka Citi — for allegedly “failing to comply with certain swap dealer requirements,” and for related charges of supervision failures. Specifically, the CFTC charged that those two Citi units did not… 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 >>
Monitor for Deutsche Bank to Help with Swap Data Compliance
The CFTC and Deutsche Bank are in agreement that a monitor is needed to help the German giant maintain and improve its compliance with its swaps data reporting responsibilities in the wake of charges by the regulator. The CFTC and Deutsche Bank officials jointly filed a motion last week with the U.S. District Court for… Read More >>
CFTC Blesses DTCC-SWIFT LEI Utility for Another Year
CFTC Hopes Global LEI System to Be More Operational in a Year The legal entity identifier (LEI) utility operated by the DTCC and SWIFT can continue for another year in the hope that the global LEI system will become fully operational in that time, according to the CFTC, which just issued an order extending the… Read More >>
Massad Makes Pitch for New Swaps Data Gathering System
The CFTC is forging ahead with a second major attempt to make swap data reporting “accurate, consistent and timely” as CFTC Chairman Timothy Massad recently stressed in a speech before the 2016 Office of Financial Research (OFR) and Financial Stability Oversight Council (FSOC) annual conference presented by the U.S. Treasury Department. “We have come a… Read More >>
