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
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BIS published a report that presents the results of a survey among more than 60 central banks in late 2020 about their engagement in central bank digital currency (CBDC) work, their motivations, and their intentions regarding CBDC issuance.
OSFI issued a letter to federally regulated deposit-taking institutions on the capital treatment of new loans to businesses through the Highly Affected Sectors Credit Availability Program (HASCAP).
BCBS is consulting on two technical amendments to the rules on minimum haircut floors for securities financing transactions, or SFTs.
EC launched a targeted consultation on the review of crisis management and deposit insurance framework in EU.
EIOPA published a paper that sets out the methodological principles of insurance stress testing with a focus on the liquidity component.
BIS launched a EUR-denominated, open-ended fund for green bond investments by central banks and official institutions, following the launch of the first BIS green bond fund denominated in USD in September 2019.
EBA announced that it will launch the 2021 EU-wide stress test exercise, with the publication of the macroeconomic scenarios on January 29, 2021.
BoE announced that the reporting entities are no longer required to report Form CX after the fourth quarter of 2020 reference period, with the last collection on January 29, 2021.
PRA published Version 3 of the questions and answers (Q&A) on the Branch Return form, with this version superseding the version published in October 2020.
IAIS is consulting on a draft application paper on the supervision of control functions.