Wake Up… Its 2019 – time to renew your LEI!
To do a quick review of the year passed, the total number of LEI’s jumped 36% in 2018, and now stands at an impressive 1,361,624 in February 2019. After ESMA granted a six-month extension to Europe’s trading firms prior to the introduction of MiFID II’s “No LEI, No Trade” regime last January, the 1 million […]
One Million LEI Numbers Registered
The Global Legal Entity Identitifier (LEI) index can now be considered a success with over one million registrations under its belt. Still in its early days of formation, the initiative has thus far taken a large step towards attaining its primary objective, with the Global Legal Entity Identifier Foundation (GLEIF) – the LEI ‘overlords’ playing […]
One Identifier to Rule Them All..
1,383,993… That is the number of LEI’s that are now in existence. We are now well on our way to seeing the LEI become the most recognized and primary identifier for all legal entities, above all other security checks. Previously the ISIN & CUSIP were the main ISO identifiers, and recently the Association of National Numbering Agencies (ANNA) have […]
LEI Worldwide partners with RapidLEI to support the Financial Services Industry in the upcoming demand for Legal Entity Identifiers (LEIs)
If you are in the industry or have been following recent developments, you will know that it is being mandated in Australia and Hong Kong that Over The Counter Derivative transactions will soon need to be completed by including the use of an LEI. This comes into effect on October 1st, 2019 and as we […]
LEI Worldwide Leads The Way In Global Adoption Of Legal Entity Identifier (LEI) Codes
Article: LEI Worldwide Leads The Way In Global Adoption Of Legal Entity Identifier (LEI) Codes The LEI is a G20 endorsed globally verifiable unique identity code. The LEI exists to confirm the identity, and existence of a company and its structure on an international level. The objective of the LEI system is to deliver transparency to the global […]
LEI Worldwide CEO Darragh Hayes interview with Securities Finance Times
In a recent interview conducted by the Securities Lending Times, Director of LEI Worldwide spoke with Natalie Turner and took a deeper look the current rate of Lapsed Legal Entity Identifiers globally. As roughly half a million LEI Codes are now in a state of Lapsed, meaning they have not been renewed in the last […]
Utilising the LEI for Supply Chain Visibility
The Legal Entity Identifier system can play its role in easing the current global Supply Chain disruption It is not uncommon for many businesses to experience unplanned supply chain disruptions. Traditionally, bad weather and natural disasters were the main culprits, however, other issues were at fault on occasion also. Since 2020 we experienced a new entrant, […]
LEI Checker – How to search the LEI database
If you would like to add an extra layer of security to your KYC process, start using the LEI search tool today. It is the perfect addition to any internal organisational process which involves identity checks. The tool is free to use and the data is global, reliable and up to date! Below, we outline why you […]
Applicability of the LEI as ‘the KYC layer’ to a CBDC system
The Legal Entity Identifier (LEI) is a 20 digit corporate digital identifier that helps us accurately and quickly verify the identity of any company. An LEI code is reported by regulated counterparties to financial transactions to clearly identify ‘who is whom’. The LEI is backed by the G20 Nations, Financial Stability Board (FSB), openly supported by institutions […]
Legal Entity Identifier Regulatory Update – February 2020
Legal Entity Identifier Regulatory Update – February 2020 There have been a number of developments across the global financial landscape in terms of regulations in recent months. With the dawn of a new decade, brings about a new era in terms financial regulations and compliance in the global market. Below are a few of the most […]
