GLEIF has updated the list of current and proposed regulatory activities, including the use of Legal Entity Identifier (LEI). It is the prerogative of the authorities acting in individual jurisdictions to mandate the use of LEIs. GLEIF closely monitors initiatives relevant to legal entity identification in regulatory reporting and supervision and updates this list regularly.
Following the financial crisis, the goal of the drivers of the LEI initiative – the G20, FSB, and many regulators around the world – was to use the LEI to create transparency in the derivatives markets. As demonstrated with the current LEI population, these efforts have generated excellent results. In many jurisdictions worldwide, public authorities rely on the LEI to evaluate risk, take corrective steps, minimize market abuse (if required), and improve the accuracy of financial data.
Related Link: Regulatory Use of the LEI
Keywords: International, Banking, Securities, Insurance, Regulatory Activities, LEI, GLEIF
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