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Gleif

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GLEIF
File:Gleif-logo.svg
AbbreviationGLEIF
FormationJune 2014; 10 years ago (2014-06)
TypeFoundation
HeadquartersBasel, Switzerland
Chairman
Gerard Hartsink[1]
CEO
Stephan Wolf
AffiliationsFinancial Stability Board, G20
Staff (2019)
49
Websitegleif.eu

The Global Legal Entity Identifier Foundation (GLEIF) established in June 2014 is a not-for-profit organization created to support the implementation and use of the Legal Entity Identifier (LEI). GLEIF is headquartered in Basel, Switzerland.


History[edit]

Financial Stability Forum[edit]

In 2011, the Group of Twenty (G20) called on the Financial Stability Board (FSB) to provide recommendations for a global Legal Entity Identifier (LEI) and a supporting governance structure. This led to the development of the Global LEI System which, through the issuance of LEIs, now provides unique identification of legal entities participating in financial transactions across the globe. The FSB emphasized that global adoption of the LEI underpins multiple “financial stability objectives” and also offers “many benefits to the private sector”.

LEI Regulatory Oversight Committee (LEI ROC)[edit]

The LEI Regulatory Oversight Committee (LEI ROC) is a group of public authorities from across the globe established in January 2013 to coordinate and oversee a worldwide framework of legal entity identification, the Global LEI System. In its role as overseer of the Global Legal Entity Identifier Foundation (GLEIF), the LEI ROC ensures that GLEIF upholds the principles of the Global LEI System.


Overview[edit]

Legal Entity Identifier (LEI)[edit]

The LEI is a 20-character, alpha-numeric code based on the ISO 17442 standard developed by the International Organization for Standardization. It connects to key reference information that enables clear and unique identification of legal entities participating in global financial markets and/or in financial transactions. The LEI is currently required in, among others, the United States and the European Union for the execution of transactions with, and reporting of, counterparties to over-the-counter derivative trades.

LEI issuing organizations – also referenced as Local Operating Units (LOUs)[edit]

The organizations authorized to issue LEIs to legal entities engaging in financial transactions.

Related Organizations

References[edit]

  1. "Board as Chairman of the GLEIF Board of Directors - Gerard Hartsink". GLEIF. 1 March 2019. Retrieved 12 May 2019.

Coordinates: 47°32′53″N 7°35′30″E / 47.5481°N 7.5918°E / 47.5481; 7.5918

⧼validator-fatal-error⧽



fr:Conseil de stabilité financière


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