GLEIF Introduces Enhanced Functionalities in LEI Search Tool
GLEIF introduced new and enhanced functionalities in the form of the Legal Entity Identifier (LEI) Search Tool 2.0. The enhanced functionalities include the option to identify corporate ownership structures or pinpoint other identifiers that have been mapped to an LEI along with the option to view historical changes to any data field of an LEI since February 09, 2018. The tool also offers an "expert mode" that enables users to configure and combine their own search filters to facilitate the design of complex queries. In addition, GLEIF published a write-up on the role of LEI in the EC legislative reforms on anti-money laundering/combating the financing of terrorism (AML/CTF).
The LEI offers market participants a standardized, one-stop approach to entity verification in the digital age, facilitating quick, consistent, and accurate information on both client organizations and other business partners and suppliers. The new beta version of the LEI search tool 2.0 makes it even easier to take full advantage of the publicly available LEI data supporting more use cases and applications. Using the tool, market participants can explore information on organizations globally contained within the Global LEI Index. With the launch of its LEI search tool 2.0, GLEIF has introduced additional features, including:
- New user interface supporting quick and customized research
- Easily identifiable ownership information
- Other identifiers mapped to the LEI automatically showing with search results
- Information included in code lists published by GLEIF is resolved to human readable names
- Changes to any data field of a LEI are now displayed in a historic view
GLEIF will keep supporting the LEI Search 1.0 for a transitional period until the end of the year 2020, to give enough time for LEI data user and market participants to switch to the new, enhanced LEI Search 2.0 in their daily use or applications.
Related Links
Keywords: International, Europe, EU, Banking, Insurance, Securities, LEI, LEI Search Tool, AML/CFT, EC, GLEIF
Previous Article
FCA Proposes to Update Remuneration Code for Firms to Reflect CRD5Related Articles
ECB Amends Guideline on Temporary Collateral Easing Measures
ECB published Guideline 2021/975, which amends Guideline ECB/2014/31, on the additional temporary measures relating to Eurosystem refinancing operations and eligibility of collateral.
EIOPA Releases Report on Artificial Intelligence Governance Principles
EIOPA published a report, from the Consultative Expert Group on Digital Ethics, that sets out artificial intelligence governance principles for an ethical and trustworthy artificial intelligence in the insurance sector in EU.
HKMA to Increase Focus on Suptech and Regtech Cloud Adoption
HKMA published the seventh and final issue of the Regtech Watch series, which outlines the three-year roadmap of HKMA to integrate supervisory technology, or suptech, into its processes.
EC Consults on Improving Transparency in Secondary Markets for NPLs
EC launched a targeted consultation to improve transparency and efficiency in the secondary markets for nonperforming loans (NPLs).
BIS and Nordic Central Banks Launch Innovation Hub in Stockholm
BIS, Danmarks Nationalbank, Central Bank of Iceland, Norges Bank, and Sveriges Riksbank launched an Innovation Hub in Stockholm, making this the fifth BIS Innovation Hub Center to be opened in the past two years.
FDIC Tech Sprint Aims to Explore Technologies to Reach Unbanked
FDITECH, the technology lab of FDIC, announced a tech sprint that is designed to explore new technologies and techniques that would help expand the capabilities of community banks to meet the needs of unbanked individuals and households.
EC Releases Sustainable Finance Taxonomy Compass
EC released the EU Taxonomy Compass, which visually represents the contents of the EU Taxonomy starting with the EU Taxonomy Climate Delegated Act.
FDIC Proposes Amendments to Real Estate Lending Standards
FDIC is seeking comments on a rule to amend the interagency guidelines for real estate lending policies—also known as the Real Estate Lending Standards.
EIOPA to Consider Liquidity Risk in Stress Test for 2021
EIOPA published its annual report, which sets out the work done in 2020 and indicates the planned work areas for the coming months.
ESRB Paper Discusses Measurement of Impact of Bank Failure via Lending
The ESRB paper that presents an analytical framework that assesses and quantifies the potential impact of a bank failure on the real economy through the lending function.
