LEI ROC published a statement on a free-of-charge certification process established by GLEIF—the GLEIF Certification of LEI Mapping service. This certification process provides a robust framework that enables third-party stakeholders to accurately connect their own unique identifiers to the LEI. Since the LEI is endorsed via many regulations worldwide, LEI mapping enables regulatory authorities to leverage third-party vendor products to monitor compliance and financial industry participants to comply with the associated rulemaking, particularly for cross-border reporting.
The Certification of Mapping service also supports integrity of the Global LEI System, by ensuring that quality controls associated with mapping identifiers to the LEI meet or exceed the requirements defined by GLEIF. The GLEIF Certification of LEI Mapping service has untapped potential to deliver widespread benefits to data vendors and many other organizations. Certification, and the subsequent publication by GLEIF of publicly available, open source relationship files that match identifiers against corresponding LEIs, eases the process of gathering, aggregating, and reconciling counterparty information. This can be useful for many purposes such as client relationship management and due diligence. GLEIF continues to drive innovation in this area. LEI ROC strongly encourages all third-party data vendors to engage with GLEIF and the GLEIF Certification of LEI Mapping service.
Keywords: International, Banking, Insurance, Securities, LEI Mapping, LEI, GLEIF, LEIROC
Previous ArticleHKMA Revises Supervisory Policy Module on Recovery Planning of Banks
HKMA has published a circular that sets out the regulatory and reporting treatment for loans that participating authorized institutions may grant to eligible borrowers under the 100% Personal Loan Guarantee Scheme.
ECB published the results of the assessment of internal models that banks use to calculate risk-weighted assets for credit, market, and counterparty credit risks.
PRA published a statement on the regulatory treatment of retail residential mortgage loans under the Mortgage Guarantee Scheme, or MGS.
FCA is consulting, via CP21/7, on the second phase of proposed rules to introduce the UK Investment Firm Prudential Regime (IFPR).
HM Treasury and BoE announced the joint creation of a Central Bank Digital Currency (CBDC) Taskforce to coordinate the exploration of a potential central bank digital currency in UK.
EIOPA published an opinion to set out its expectations on the supervision of the integration of climate change risk scenarios by insurers in their Own Risk and Solvency Assessment (ORSA).
Bundesbank published two circulars on AnaCredit reporting requirements. Circular 27/2021 covers changes to the reporting of branches, additional attributes to be reported for investment funds from August 01, 2021, and updates to the list of international organizations.
EC published the Implementing Regulation 2021/622 that lays down implementing technical standards for reporting of the minimum requirement for own funds and eligible liabilities (MREL).
BCBS has set out the strategic work priorities, as part of its the work program for 2021-22.
PRA published the policy statement PS8/21, which contains the final supervisory statement SS3/21 on the PRA approach to supervision of the new and growing non-systemic banks in UK.