Month: August 2024

FSB supports increased use of the LEI to improve cross-border payments

28 August 2024

In a recently published consultation report, the Financial Stability Board (FSB) has recommended the increased use of the Legal Entity Identifier (LEI) to improve data standardisation and harmonisation for cross-border payments. This recommendation is part of the efforts launched in the G20 Roadmap to Improve Cross-Border Payments in October 2020. Why the LEI is crucial […]

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The role of the LEI in preparing for the new 2024 ESG reporting standards

19 August 2024

In 2024, the business world will experience significant change, especially for European companies. The new ESG reporting standards introduced by the European Union’s Corporate Sustainability Reporting Directive (CSRD) will force companies to disclose their sustainability practices in more detail than ever before. The Legal Entity Identifier (LEI) plays a crucial role in this transformation and […]

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LEI registration: A key to transparency and security in the financial industry

1 August 2024

The Global Legal Entity Identifier Foundation (GLEIF) is celebrating its tenth anniversary, a remarkable achievement that has had a far-reaching impact on the global financial world. The Legal Entity Identifier (LEI) introduction has revolutionised how financial transactions are conducted worldwide. With more than 2.5 million LEI numbers issued, GLEIF has set the standard for identifying […]

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