GLEIF Publishes January 2019 Update on Global Regulatory Use of LEI
GLEIF updated the list of current and proposed regulatory activities on the adoption of Legal Entity Identifier (LEI), including the use of LEI. It is the prerogative of the authorities acting in individual jurisdictions to mandate the use of LEIs. GLEIF closely monitors initiatives relevant to legal entity identification in regulatory reporting and supervision and updates this list regularly.
Following the financial crisis, the goal of the drivers of the LEI initiative—the G20, FSB, and many regulators worldwide—was to use the LEI to create transparency in the derivatives markets. As demonstrated with the current LEI population, these efforts have generated excellent results. In many jurisdictions worldwide, public authorities rely on the LEI to evaluate risk, take corrective steps, minimize market abuse (if required), and improve the accuracy of financial data.
Related Link: Regulatory Use of the LEI
Keywords: International, Banking, Securities, Insurance, LEI, LEI Adoption, GLEIF
Related Articles
|
News
UK Regulators Announce Measures to Address Impact of COVID-19UK Regulatory Authorities published statements and guidance addressed to financial entities on dealing with the impact of the coronavirus (COVID-19) outbreak.
March 26, 2020
WebPage
Regulatory News
|
|
News
ISDA and Industry Request Delay in Timeline for Initial Margin RulesConsidering the challenges posed by the COVID-19 pandemic, ISDA submitted a letter on behalf of 21 industry associations and their members requesting BCBS, IOSCO, and global regulators to suspend the current timeline for the initial margin phase-in.
March 26, 2020
WebPage
Regulatory News
|
|
News
FCA, FRC, and PRA Issue Joint Statement to Address Impact of COVID-19In response to the COVID-19 outbreak, FCA, the Financial Reporting Council (FRC), and PRA have announced a series of actions and made statements to support the continued functioning of capital markets in the UK.
March 26, 2020
WebPage
Regulatory News
|
|
News
EC Rule Corrects Regulation Supplementing Solvency II DirectiveEC published the EU Delegated Regulation 2020/442, which corrects the EU Delegated Regulation 2015/35 that supplements Solvency II Directive (2009/138/EC).
March 26, 2020
WebPage
Regulatory News
|
|
News
FED and FFIEC Offer Reporting Relief to Institutions Due to COVID-19FED and FFIEC announced regulatory reporting relief to financial institutions due to disruptions caused by the COVID-19.
March 26, 2020
WebPage
Regulatory News
|
|
News
EBA and ESMA Clarify Accounting Implications of COVID-19 MeasuresEBA and ESMA issued statements to address certain accounting implications of the economic support and relief measures adopted by EU member states in response to the COVID-19 crisis.
March 25, 2020
WebPage
Regulatory News
|
|
News
IOSCO and Securities Regulators Coordinate Responses to COVID-19IOSCO members are cooperating closely on their responses to the COVID-19-related disruption in capital markets.
March 25, 2020
WebPage
Regulatory News
|
|
News
US Agencies Issue Interim MMLF Rule, FED Updates FR Y-14 FormsIn an effort to mitigate the impact of economic disruptions due to the COVID-19 outbreak, Money Market Mutual Fund Liquidity Facility (MMLF) was launched in the US to enhance the liquidity and functioning of money markets and to support the economy.
March 25, 2020
WebPage
Regulatory News
|
|
News
ESRB Updates List of Countercyclical Capital Buffers in March 2020ESRB updated the list of countercyclical capital buffer (CCyB) rates applicable in countries in the Eurosystem.
March 24, 2020
WebPage
Regulatory News
|
|
News
FHFA Amends Stress Testing Rule for Regulated EntitiesFHFA adopted a final rule that amends the stress testing rule, in line with section 401 of the Economic Growth, Regulatory Relief, and Consumer Protection (EGRRCP) Act.
March 24, 2020
WebPage
Regulatory News
|
