Financial Regulations

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Alacra Reference Data Alert – Accelerating LEI Adoption – An Idea from the Edge

None of the benefits that could be gleaned from the establishment of the Legal Entity Identifier have been realized and there is no evidence that the status quo will change anytime soon. To jumpstart the adoption and usefulness of the LEI, regulators must mandate the world’s largest financial institutions register or pay them to comply.

Recently, […]

The Fed Isn’t Really Pushing LEIs…

Last week the Federal Reserve put out a press release announcing a proposal that would seem to mandate the use of LEIs on certain regulatory reporting forms:

The Federal Reserve Board on Monday announced a proposal that would require banking organizations to include their existing Legal Entity Identifiers (LEIs) on certain regulatory […]

Accelerating LEI Adoption – An Idea from the Edge

None of the benefits that could be gleaned from the establishment of the Legal Entity Identifier has been realized, and there is no evidence that the status quo will change anytime soon. To jumpstart the adoption and usefulness of the LEI, regulators either must mandate the world’s largest financial institutions register or pay them to comply.

Recently, the Global Legal […]

Inside the LEI – Part V

Recent conversations with executives close to the GLEIF (Global Legal Entity Identification Foundation) revealed an underlying conflict in the creation of the LEI database. The LEI registration process and data collection activities are being optimized for three constituencies: the regulators, the registrants, and the Local Operating Units (LOUs). However, a fourth constituency, equal in importance to the other […]

Alacra Reference Data Alert – Inside the LEI – Issue V

Recent conversations with executives close to the GLEIF (Global Legal Entity Identification Foundation) revealed an underlying conflict in the creation of the LEI database. The LEI registration process and data collection activities are being optimized for three constituencies: the regulators, the registrants, and the Local Operating Units (LOUs). However, a fourth constituency, equal in importance […]

Bringing it All Together

It has become a cliché to say that satisfying the regulatory requirements facing financial services organisations comes down to data, but like many clichés, it is based on truth.

More accurately, firms need timely high quality data for reporting purposes and to automate many related processes such as KYC and anti-money laundering, as well as non-regulatory […]

Quick Review of Today’s LEI Webinar

The GLEIF (Global Legal Entity Identifier Foundation) in concert with the GFMA (Global Financial Markets Association) held a webinar this morning to give market participants an update as to the state of the GLEIS (Global Legal Entity Identifier System).  Speakers included Robin Doyle of JP Morgan, Matthew Reed of the Office of Financial […]

By |February 5th, 2015|Financial Regulations, Legal Entity Identifiers, Posts, Reference Data|

DTCC/SWIFT Tops Legal Entity Identifier Providers in TABB/Alacra Q3-2014 LEI Rankings, but LEI Process Comes Up Short

TABB Group Partners with Alacra to Expand Quarterly LEI Statistics

New York & London December 15, 2014: Capital markets research firm TABB Group and Alacra, a leading provider of legal, counterparty and reference data solutions, announced today that DTCC/SWIFT led 13 other Legal Entity Identifier (LEI) registration authorities around the globe in TABB […]

Inside the LEI — Issue IV — Part 4

LEIs Assigned to Large Fund Families

InsideLEI-pIV-11-Large-Fund-Families

Funds of various types make up a large percentage of entities that have been assigned an LEI. The chart above highlights the number of registered funds of several large global fund […]

Inside the LEI — Issue IV — Part 3

LEI Registrations in the G20

InsideLEI-pIV-08-LEI-Registrations-in-G20

Although it’s been over 2 years since the G20 leadership endorsed the Financial Stability Board’s (FSB) recommendation about the LEI, adoption among most G-20 nations has been modest.

Percentage of BICs Assigned […]