Talking Reference Data with Andrew Delaney: Back to Work
We’re back from Labor Day, August Bank Holiday and the Olympics (although the Paralympics continues here in sunny East London). It’s surely time to roll up the sleeves and get back to work. The forthcoming ‘Fall Season’, as I like to call it, looks like it will be a busy one. Everyone is in budget...
DTCC and Swift Signal CICI Portal as First Mover Advantage in Contest to Build LEI Infrastructure
DTCC and Swift are back in play and aiming to be major providers to the global legal entity identifier (LEI) infrastructure after gaining first-mover advantage through this week’s official opening of a web portal for Commodity Futures Trading Commission (CFTC) interim compliant identifiers (CICIs). Selecting from four potential providers, the CFTC last month designated the...
CICI Utility Goes Live in Preparation for CFTC’s October OTC Reporting Rule
The initial implementation of the DTCC’s and Swift’s CICI Utility Portal has gone live at https://ciciutility.org. The release of the site – which aims to support Phase 1 of global assignment of the CFTC’s Interim Compliant Identifiers by providing timely and accurate entity records – comes a month after the DTCC and Swift were named...
New AvoxData Legal Entity Portal to Host Value-Added Data Sets
Avox’s new enhanced legal entity data portal, released last week at www.avoxdata.com, will provide the preferred delivery system for Avox as it integrates value-added data sets to its core identifier offerings. The new capability – not to be confused with parent DTCC’s planned legal entity identifier utility scheduled for imminent release – gives clients secure...
On Your Marks: LEI Work Kicks Off!
It’s around 12 months since the work began on the global Legal Entity Identifier (LEI) initiative, but today the really hard work for the financial industry begins. The Financial Stability Board is today holding its first call to coordinate the activities of the Private Sector Preparatory Group, which has been built from some 170 volunteers...
Talking Reference Data with Andrew Delaney: How to Profit from LEI
As predicted here, the Summer of LEI continues unabated. Returning from a couple of weeks in the Mediterranean – now on a diet – I read with interest our own Sarah Underwood’s account of the Financial Stability Board’s inaugural Legal Entity Identifier (LEI) Private Sector Preparatory Group (PSPG), and settled down to catch up on...
FSB Private Sector Preparatory Group Agrees LEI Development Schedule
The first meeting of the Legal Entity Identifier (LEI) Private Sector Preparatory Group (PSPG) initiated by the Financial Stability Board (FSB) and held in New York last week consulted on the development and use of a global LEI system, concluding that any system should ultimately extend beyond financial markets to cover the global financial services...
CFTC Names DTCC and Swift to Provide CICIs Ahead of FSB LEI Development Meeting
The Commodity Futures Trading Commission (CFTC) has designated DTCC and Swift as the provider of CFTC Interim Compliant Identifiers (CICIs) that will be used by registered entities and swap counterparties to comply with the CFTC’s swap data reporting regulations. The CICI identifier and its infrastructure that will be used by the CFTC are billed as...
Financial Stability Board Calls for Private Sector Input to LEI Development
The Financial Stability Board (FSB) is calling for private sector experts around the world to join the Legal Entity Identifier (LEI) Private Sector Preparatory Group (PSPG) that will support the FSB LEI Implementation Group in introducing a global LEI system by March 2013. The deadline to submit nominations for the private sector group is July...
Talking Reference Data with Andrew Delaney: Summer of LEI
Summer – such as it exists here in London – is typically characterised by a slowdown in activity in our marketplace. But we are bracing ourselves for a busy season as the world ponders just how the legal entity identifier (LEI) will look – and how to deal with it once it emerges. The pace...