Featured Product

    GLEIF Issues Updates on vLEI Governance Framework and CDF Formats

    February 16, 2022

    The Global Legal Entity Identifier Foundation (GLEIF) published the verifiable Legal entity identifier (vLEI) Ecosystem Governance Framework and issued other relevant announcements.

    GLEIF announced the publication of its verifiable LEI (vLEI) Ecosystem Governance Framework. The vLEI Ecosystem Governance Framework, which has been designed from the ground up to complement GLEIF’s existing LEI governance, defines the vLEI operational model and describes how the new ecosystem’s range of vLEI issuing stakeholders will qualify for and perform their roles in the Global LEI System. Additionally, GLEIF reminded the public users of LEI data that, from March 01, 2022, all GLEIF services will accept and display data in updated Common Data File (CDF) formats, requiring users to implement these new file formats ahead of that deadline for uninterrupted access to LEI data. The updated file formats will increase the level of open, standardized, and high-quality legal entity reference data available within the Global LEI Index.

    Throughout the month of March, all LEI issuing organizations will migrate to the new formats and undergo testing to ensure a smooth transition. Users of the Global LEI System should, therefore, be prepared to support content following the existing and new business rules throughout March when performing LEI data analysis. This applies to users of the following LEI data: GLEIF Concatenated files, Golden Copy and Delta files, and Golden Copy files accessed via the GLEIF API. GLEIF has made many supporting resources available on its website, including technical details, example files and a guiding document for the transition period from March 01 to 31, 2022. After March 31, 2022, GLEIF anticipates a period of up to one year before the Global LEI System will be fully populated with information on Legal Entity Events, Fund Relationships, and Government Entities. Data is generally collected at the time of new LEI issuance or existing LEI renewal.

     

    Related Links

     

    Keywords: International, Banking, Insurance, Securities, Reporting, Data Collection, Common Data File, vLEI, Verifiable LEI, Governance Framework, LEI, GLEIF

    Featured Experts
    Related Articles
    News

    US Regulators Release Stress Test Scenarios for Banks

    The U.S. regulators recently released baseline and severely adverse scenarios, along with other details, for stress testing the banks in 2024. The relevant U.S. banking regulators are the Federal Reserve Bank (FED), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC).

    February 28, 2024 WebPage Regulatory News
    News

    Asian Governments Aim for Interoperability in AI Governance Frameworks

    The regulatory landscape for artificial intelligence (AI), including the generative kind, is evolving rapidly, with governments and regulators aiming to address the challenges and opportunities presented by this transformative technology.

    February 28, 2024 WebPage Regulatory News
    News

    EBA Proposes Operational Risk Standards Under Final Basel III Package

    The European Union (EU) has been working on the final elements of Basel III standards, with endorsement of the Banking Package and the publication of the European Banking Authority (EBA) roadmap on Basel III implementation in December 2023.

    February 26, 2024 WebPage Regulatory News
    News

    EFRAG Proposes XBRL Taxonomy and Standard for Listed SMEs Under ESRS

    The European Financial Reporting Advisory Group (EFRAG), which plays a crucial role in shaping corporate reporting standards in European Union (EU), is seeking comments, until May 21, 2024, on the Exposure Draft ESRS for listed SMEs.

    February 23, 2024 WebPage Regulatory News
    News

    ECB to Expand Climate Change Work in 2024-2025

    Banking regulators worldwide are increasingly focusing on addressing, monitoring, and supervising the institutions' exposure to climate and environmental risks.

    February 23, 2024 WebPage Regulatory News
    News

    BIS Bulletin Examines Cognitive Limits of Large Language Models

    The use cases of generative AI in the banking sector are evolving fast, with many institutions adopting the technology to enhance customer service and operational efficiency.

    January 25, 2024 WebPage Regulatory News
    News

    ECB is Conducting First Cyber Risk Stress Test for Banks

    As part of the increasing regulatory focus on operational resilience, cyber risk stress testing is also becoming a crucial aspect of ensuring bank resilience in the face of cyber threats.

    January 24, 2024 WebPage Regulatory News
    News

    EBA Continues Momentum Toward Strengthening Prudential Rules for Banks

    A few years down the road from the last global financial crisis, regulators are still issuing rules and monitoring banks to ensure that they comply with the regulations.

    January 24, 2024 WebPage Regulatory News
    News

    EU and UK Agencies Issue Updates on Final Basel III Rules

    The European Commission (EC) recently issued an update informing that the European Council and the Parliament have endorsed the Banking Package implementing the final elements of Basel III standards

    December 19, 2023 WebPage Regulatory News
    News

    Industry Agency Expects Considerable Uptake for Swiss Climate Scores

    The Swiss Federal Council recently decided to further develop the Swiss Climate Scores, which it had first launched in June 2022.

    December 18, 2023 WebPage Regulatory News
    RESULTS 1 - 10 OF 8952