Tag Archives: legal entity identifier

Financial Stability Board Pushes Legal Entity Identifier to the G20– Vote Expected this Month – What’s Next?

Hot off the press! The Financial Stability Board (FSB) published today (June 8th, 2012) a report entitled “A Global Legal Entity Identifier for Financial Markets”  for the G20 supervisors for consideration and response to the mandate issued by the G20 at the Cannes Summit for a final vote at the end of the month in Mexico. It sets out 35 recommendations for the development and implementation of the global LEI system. These recommendations are guided by a set of “High Level Principles” which outline the objectives that a global LEI system should meet.

The proposed global Legal Entity Identifier (LEI) is expected to help regulators identify unique counterparties across the financial system and monitor the impact of risky counterparties holding positions with the banks. Assuming LEI is approved by the G20 this month, it will be the first of these infrastructure standards to be implemented globally requiring firms to integrate, reconcile and cross-reference the new LEI with existing counterparty identifiers and information, as well as manage accurate and current legal hierarchies.   (more…)

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Posted in Financial Services, Governance, Risk and Compliance, Master Data Management, Vertical | Tagged , , , , , , , | Leave a comment

Legal Entity Identifier – Preparing for the Inevitable

Most of the buzz around the water cooler for those responsible for enterprise reference data in financial services has been around the recent G20 meeting in Switzerland on the details of the proposed Legal Entity Identifier (LEI). The LEI is designed to help regulators manage and monitor systemic risk in the financial markets by creating a unique ID to recognize legal entities/counterparties shared by the global financial companies and government regulators.  Agreement to adoption is expected to be decided at the G20 leaders’ summit coming up in June in Mexico as regulators decide the details as to the administration, implementation and enforcement of the standard. Will the new LEI solve the issues that led to the recent financial crisis? (more…)

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Posted in Financial Services, Master Data Management, Vertical | Tagged , , , , , | Leave a comment

Counterparty Data and the Legal Entity Identifier (LEI) System

In the second of two videos, Peter Ku, Director of Financial Services Solutions Marketing, Informatica, talks about the latest trends regarding counterparty data and how the legal entity identifier (LEI) system will impact banks across the globe.

Specifically, he answers the following questions:

- What are the latest trends regarding counterparty information and how will the legal entity identifier system impact banks across the globe?

- How does Informatica help solve the challenges regarding counterparty information and help banks prepare for the new legal entity identifier system?

 

 

Also watch Peter’s first video (http://youtu.be/KvyDPzOTnUY) to learn about counterparty data and its challenges.

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Posted in Financial Services | Tagged , , , , , , , | Leave a comment

Counterparty Data and Its Challenges

In the first of two videos, Peter Ku, Director of Financial Services Solutions Marketing, Informatica, talks about counterparty data and its challenges.

Specifically, he answers the following questions:

- What is counterparty data and why is it important?

- What are some of the challenges that the global banking industry is facing with their counterparty information?

(more…)

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Posted in Financial Services, Governance, Risk and Compliance, Vertical | Tagged , , , | Leave a comment

Counterparty Data and its Challenges

In the first of two videos, Peter Ku, Director of Financial Services Solutions Marketing, Informatica, talks about counterparty data and its challenges.

Specifically, he answers the following questions:

- What is counterparty data and why is it important?

- What are some of the challenges that the global banking industry is facing with their counterparty information?

Watch Peter’s second video (http://youtu.be/bVUl9oYVERY) to learn about the latest trends regarding counterparty data and how the legal entity identifier (LEI) system will impact banks across the globe.

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Posted in Data Integration | Tagged , , | Leave a comment