A faster way to find and verify an LEI with LEI Search
If you work in financial services, you already know the friction. You need to check an LEI quickly, is it active, when does it expire, who sits above it — and you end up digging through clunky datasets or multiple sources just to confirm a basic detail. That’s exactly why we built LEI Search. You can […]
3 Steps to obtaining an LEI for ICT Providers under DORA
The Digital Operational Resiliency Act (DORA) comes into force in January 2025. The scope of DORA is undeniably wide, however the requirement on ICT Third Party Providers to obtain a Legal Entity Identifier (LEI) is unambiguous. The regulatory scope does not clarify whether the responsibility of securing the LEI falls on the regulated entity, ot […]
EIOPAs revised Guidelines on Legal Entity Identifier (LEI)
The European Insurance an Occupation Pensions Authority have issued revised Guidelines on Legal Entity Identifier (LEI). These updates to the existing guidelines which provides guidance to national competent authorities by: ▶ Simplifying the identification of legal entities ensuring high quality data▶ In order to facilitate and further promote the use of LEI as unique identification code […]
Updates to LEI reporting for Funds and investment Fund structures
On the 1st, March 2022 the LEI ROC (Regulatory Oversight Committee) issued new CDF (Common Data Files) Formats. LEI Worldwide have implemented the changes in its RAMP LEI management platform. RAMP is a proprietary software tool used by Financial Institutions such as Banks, Asset Managers, Fund Administration firms who manage large portfolios of LEIs. RAMP makes it […]
Trustees of UK Pension schemes requiring ESG Template under the direction of the PLSA……what’s your LEI?
The United Kingdom Pensions & Lifetime Savings Association (PLSA) have directed that the trustees of UK Pension Schemes are required to complete an ESG Template. First order of business on the template?….. What is your LEI? Environmental, Social and Governance (ESG) has become more prominent in recent times with regards to financial services, pension schemes […]
The vital role to be played by Digital identity and the Legal Entity Identifier in the future of global business
Global B2B Identification: Why the LEI is key We live in an increasingly digital age, digital processes and transactions effect, influence and monitor us on a daily basis. We use digital devices to communicate, transact, authenticate, visualise and record with devices located globally via the Internet. All of this occurs with limited thought or consideration, […]
The LEI Validation Agent Framework
The global Legal Entity Identifier system has been developing steadily since the Group of 20 birthed the concept in 2011 in order to bring stability, transparency and standardisation to financial markets activity in the aftermath of the ’08 GFC. Since then, we have seen the number of LEIs increase to its current figure, which is sitting stubbornly […]
The Importance of the LEI in the COVID-19 Pandemic
Global financial markets are in turmoil with the closing of businesses brought on by the COVID-19 crisis. Usually, a terrible situation such as this would inevitably lead to a severe economic downturn. This is the case during and after this pandemic, moreover, we are now made confront another fact; global monetary policy over the last decade […]
Securities Lending Times – ft. LEI Worldwide
Darragh Hayes, director at LEI Worldwide recently sat down with reporter Natalie Turner of the Securities Lending Times. In the Q&A style interview, Darragh discussed the state of LEI issuance across the EU ahead of the recent passing of SFTR (Securities Financing Transaction Regulation). They also covered the importance of the LEI to the ‘transparency […]
Reserve Bank of India LEI Guidelines
LEI RBI Guidelines The LEI has been required in India since 2017 in order to increase market transparency and identify fraud in the financial transactions. All financial borrowers and lenders in India have been mandated to obtain an LEI. According to the RBI (Reserve Bank of India) the LEI has been introduced in a phased […]
