News
The FDTA Proposal: How the LEI strengthens your business in the financial world
2 September 2024
US financial regulation is about to take a decisive step. The US federal financial regulators have published a proposal to introduce common data standards for financial reporting. This proposal’s heart is the Legal Entity Identifier (LEI) – a globally recognized standard for uniquely identifying companies. The LEI provides a clear and consistent solution for companies […]
read moreFSB 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 […]
read moreThe 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 […]
read moreLEI 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 […]
read moreIntegration of LEI in business processes and technology
22 July 2024
The Legal Entity Identifier (LEI) number is essential for companies looking to optimise their business processes and technology. This article looks at how organisations can integrate LEIs into their existing systems and processes, the benefits of integrating LEIs into ERP systems and financial software, and best practices and technology solutions. Effective integration of LEIs into […]
read moreLEI 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 […]
read moreProspects 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 […]
read moreCase 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 […]
read more10 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 […]
read moreIntroduction 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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