Author: Sabine Schiefl

LEI and compliance: India’s regulatory requirements in focus

10 July 2024

The Legal Entity Identifier (LEI) number is increasingly important in the global financial sector. In India, regulators have introduced specific requirements and compliance measures to promote the use of LEI numbers and increase transparency in the financial sector. This article highlights the regulatory requirements, the role of the Reserve Bank of India (RBI), and the […]

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Prospects and Trends for Legal Entity Identifiers (LEI) in India

3 July 2024

Future developments and trends in the LEI sector The introduction and proliferation of the Legal Entity Identifier (LEI) in India has a promising future. The LEI has gained considerable importance in recent years as a globally unique identifier for identifying legal entities. In India, the need for more transparent financial transactions and efficient risk management […]

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Case studies: Success stories of Indian companies with LEI

1 July 2024

Legal Entity Identifiers (LEIs) are unique identification numbers for legal entities operating in the financial sector. In India, LEIs are becoming increasingly important as they increase transparency in the financial markets and facilitate the identification of companies. In recent years, Indian companies have increasingly introduced LEI numbers to make their business transactions more efficient and […]

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10 years of GLEIF: A decade of trust and transparency in global finance

26 June 2024

In 2024, the Global Legal Entity Identifier Foundation (GLEIF) celebrates its 10th anniversary. Since its inception in 2014, GLEIF has been instrumental in improving transparency and security in global finance by introducing and managing the Legal Entity Identifier (LEI) system. This milestone provides an opportunity to reflect on a decade of success and innovation. Background […]

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Introduction to LEI and its importance in the Indian market

24 June 2024

What is an LEI? A Legal Entity Identifier (LEI) is a unique, 20-digit alphanumeric identifier used to identify legal entities involved in financial transactions worldwide. It was developed after the 2008 financial crisis to increase transparency in the global financial system and minimise the risk of future financial crises. An LEI contains basic information about […]

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LEI in figures: How regulatory action is driving global adoption

8 May 2024

New regulatory initiatives that provide global stakeholders with a blueprint for promoting greater trust and transparency across the digital economy continue to fuel the adoption of the legal entity identifier (LEI). The Global LEI Foundation (GLEIF) is proud of its ongoing transparency initiatives, including its open approach to providing unrestricted access to the latest LEI […]

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India shows the way: LEI – key in the fight against financial crime

9 April 2024

The introduction of the Legal Entity Identifier (LEI) in India is proliferating thanks to regulatory solid support. This trend is a model for global players in the fight against financial crime. Importance of the LEI for the Indian financial ecosystem The increasing adoption of the LEI has significantly increased trust and transparency in the Indian […]

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Indian SMEs on the path to global recognition through LEI registration

30 March 2023

In March 2022, a significant step towards promoting financial inclusion of small and medium-sized enterprises (SMEs) in India was taken when the first Indian company took the role of Validation Agent in the Global LEI System. A year later, we see how this new role enables greater financial inclusion for SMEs across India. Background to […]

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India in focus: LEI mandates as a growth driver for SMEs

27 May 2022

The increased use of the Legal Entity Identifier (LEI) in India opens new doors for small and medium-sized enterprises (SMEs) in global trade and finance. The LEI, a unique identifier for businesses, is gaining traction by promoting trust and transparency in international transactions. For the first time, this opens up far-reaching opportunities for Indian SMEs […]

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