LEIROC updated the list of regulatory uses of Legal Entity Identifier (LEI) worldwide, as of the end of June 2019. The table on regulatory uses of LEI offers information on the rules set by various regulators worldwide on the use of the LEI for reporting by financial institutions. For each regulation that requires use of LEI for reporting, the table describes the associated regulation, specifies its implementation date, mentions types of groups or institutions involved in reporting, specifies whether LEI is mandatory or optional, informs about the number of associated LEIs, and provides links for source regulations.
The global LEI system was established for a large range of potential uses, which include use by authorities of any jurisdiction or financial sector to assess systemic risk and maintain financial stability, conduct market surveillance and enforcement, supervise market participants, conduct resolution activities, prepare high quality financial data, and to undertake other official functions. It was also established for use by the private sector to support improved risk management, increased operational efficiency, more accurate calculation of exposures, and other such needs. In addition to the use of the LEI for derivatives reporting, which entered into force in major markets, authorities have extended reporting requirements for the LEI, where appropriate, to the banking sector, securities issuance, investment holdings for insurance and funds, and other uses such as identification of firms in credit registers.
Keywords: International, Banking, Insurance, Securities, Pensions, LEI, GLEIS, Reporting, LEIROC
EBA published a report analyzing the impact of the unwind mechanism of the liquidity coverage ratio (LCR) for a sample of European banks over a three-year period, from the end of 2016 to the first quarter of 2020.
In response to questions from a member of the European Parliament, the ECB President Christine Lagarde issued a letter clarifying the possibility of amending the AnaCredit Regulation and making targeted longer-term refinancing operations (TLTROs) dependent on the climate-related impact of bank loans.
IASB started the post-implementation review of the classification and measurement requirements in IFRS 9 on financial instruments and added the review as a project to its work plan.
FSB published a report that examines progress in implementing policy measures to enhance the resolvability of systemically important financial institutions.
EBA published a report on the benchmarking of national loan enforcement frameworks across 27 EU member states, in response to the call for advice from EC.
FSB published a letter from its Chair Randal K. Quarles, along with two reports exploring various aspects of the market turmoil resulting from the COVID-19 event.
RBNZ launched a consultation on the details for implementing the final Capital Review decisions announced in December 2019.
The Trustees of the IFRS Foundation, which are responsible for the governance and oversight of IASB, have announced the appointment of Dr. Andreas Barckow as the IASB Chair, effective July 2021.
HKMA issued a letter to consult the banking industry on a full set of proposed draft amendments to the Banking (Capital) Rules for implementing the Basel standard on capital requirements for banks’ equity investments in funds in Hong Kong.
ESRB published an opinion assessing the decision of Swedish Financial Supervisory Authority (FSA) to extend the application period of a stricter measure for residential mortgage lending, in accordance with Article 458 of the Capital Requirements Regulation (CRR).