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
EU Amends CRD4 and CRD5 as Part of Capital Markets Recovery Package
EU published Directive 2021/338, which amends the Markets in Financial Instruments Directive (MiFID) II and the Capital Requirements Directives (CRD 4 and 5) to facilitate recovery from the COVID-19 crisis.
EU Committee Recommends Systemic Risk Buffer of 4.5% in Norway
The Standing Committee of the European Free Trade Association (EFTA) recommended that a systemic risk buffer level of 4.5% for domestic exposures can be considered appropriate for addressing the identified systemic risks to the stability of the financial system in Norway.
PRA Clarifies Approach to Onshoring of Credit Risk Rules for UK Banks
In a recent statement, PRA clarified its approach to the application of certain EU regulatory technical standards and EBA guidelines on standardized and internal ratings-based approaches to credit risk, following the end of the Brexit transition.
FSB Sets Out Work Priorities for 2021
In a recently published letter addressed to the G20 finance ministers and central bank governors, the FSB Chair Randal K. Quarles has set out the key FSB priorities for 2021.
EU Publishes Corrigendum to Revised Capital Requirements Regulation
EU published, in the Official Journal of the European Union, a corrigendum to the revised Capital Requirements Regulation (CRR2 or Regulation 2019/876).
ESAs Issue Statement on Application of Sustainability Disclosures Rule
ESAs published a joint supervisory statement on the effective and consistent application and on national supervision of the regulation on sustainability-related disclosures in the financial services sector (SFDR).
EC Consults on Crisis Management and Deposit Insurance Frameworks
EC published a public consultation on the review of crisis management and deposit insurance frameworks in EU.
HKMA Enhances Loan Guarantee Scheme to Alleviate Pressure on SMEs
HKMA announced that enhancements will be made to the Special 100% Loan Guarantee of the SME Financing Guarantee Scheme (SFGS) and the application period will be extended to December 31, 2021.
EBA Proposes Standards for Supervisory Cooperation Under IFD
EBA launched consultations on the regulatory and implementing technical standards on cooperation and information exchange between competent authorities involved in prudential supervision of investment firms.
BoE Addresses Banks in Scope of First Resolvability Assessment
BoE issued a letter to the CEOs of eight major UK banks that are in scope of the first Resolvability Assessment Framework (RAF) reporting and disclosure cycle.
