ANNA & GLEIF Join Forces for Regulatory Reporting An initiative is underway that will link International Securities Identification Numbers (ISINs) to Legal Entity Identifiers (LEIs) for global financial services transactions. The Association of National Numbering Agencies (ANNA) and the Global Legal Entity Identifier Foundation (GLEIF) have announced that April 4, 2019 marks the start of… Read More >>
Banks Could Save $150M via LEIs: McKinsey Report
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 >>
Linedata, DTCC, Smartkarma & TFS Target MiFID II Burdens
(Editor’s note: With the MiFID II deadline about 100 days away, FTF News will be running an ongoing roundup of IT and operations news related to the market reform legislation.) Linedata & the DTCC Extend a 10-Year-Old Relationship With the MiFID II deadline looming, Linedata, a vendor of investment management solutions, has extended a decade-old… Read More >>
FTF Awards Q&A: Winner of the Editor’s Choice Award
(Editor’s note: The following Q&A is with the 2017 winner of the Editor’s Choice Award for Operational Excellence Karla McKenna who is a director at Citi and the head of standards for the Global Legal Entity Identifier Foundation (GLEIF). A specialist in financial standards, McKenna has been facilitating the development of GLEIF standards and is… Read More >>
Lack of Global Standards Impedes Trade Repositories: ESMA Report
The lack of global standards in the trade repository space (TR) could hinder the repository process, a finding of the European Securities and Markets Authority (ESMA) in its recently published 55-page 2016 annual report, which outlines its supervisory priorities for credit ratings agency (CRA) governance as well as the quality and data access for TRs…. Read More >>
GLEIF’s New Rules May Reject Current LEI Issuers
The Global Legal Entity Identifier Foundation (GLEIF) will be taking over the accreditation process for organizations that issue Legal Entity Identifiers (LEIs) via a new program that supersedes the efforts of the LEI Regulatory Oversight Committee (LEI ROC), say GLEIF officials. However, the new accreditation process is retroactive and could mean that some of the… Read More >>
