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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…
ANNA Pitches National Numbering Agencies as LEI Local Operating Units
The Association of National Numbering Agencies (ANNA) is back in the game and vying for a place in the development of the global legal entity identifier system proposed by the Financial Stability Board (FSB) and approved by the G20 global summit in Mexico last month. An ANNA general meeting in London last month deemed the…
Cusip Outlines Role for Fellow NNAs in Hybrid Approach to LEI
Following proposals for a federated approach (from the Financial Stability Board) and a centralised approach (from DTCC/Sifma) to development of the global legal entity identifier (LEI) standard, Cusip Global Services (CGS) is proposing a hybrid solution that calls for the active involvement of the National Number Agencies in the LEI process. The proposal is aimed…
Thomson Reuters Opens RICs to All for Trade Processing
Thomson Reuters is taking a step toward answering client calls for more open access to its Reuters Instrument Code (RIC) symbology. The company is making RICs available for use with non-real-time information in client and non-client financial institutions’ trade processing systems. Enterprise content chief Gerry Buggy, part of the team responsible for Thomson Reuters’ response…
G20 Approves FSB LEI Plans but Implementation Remains Controversial
This week’s decision by the G20 to endorse the Financial Stability Board’s (FSB) recommendations on a global system of legal entity identifiers (LEIs) to counter systemic risk met a mixed response with potential parties to the development of the system glad of the G20’s go ahead, but still disagreeing on how the system’s infrastructure should…
Talking Reference Data with Andrew Delaney: It’s Hot in New York
The New York Hilton is not best known for its air conditioning, and with temperatures threatening to hit 97 degrees Fahrenheit the second day of the Sifma Tech leaders conference promises to be challenging. It’s a busy and hot New York week. We kicked it off with some client meetings Monday, followed by the ubiquitous…
Talking Reference Data with Andrew Delaney: Why We Care About the LEI
Maybe like me you’ve been slightly bewildered by the comings and goings in the market’s attempts to come up with a plan for a steadfast legal entity identifier (LEI) that everyone can use? Particularly the frenetic pace of sometimes daily change in direction, as stakeholders switched allegiances, and adopted and dropped plans, and interested parties…
Cusip Global Services Talks Down Open Symbology Initiatives and Favours Standards
Cusip Global Services (CGS), the provider of Cusip securities identifiers owned by the American Bankers Association and managed by S&P Capital IQ, has set the cat among the pigeons by criticising proprietary symbologies for their lack of efficient operability. Rather, CGS reckons that standards, supported by organisations such as itself, are the only way forward towards efficient and reliable capital markets. A report on the power…
FSB’s New LEI Deadline Puts Market Under Pressure Amid Continued Uncertainty
The Financial Stability Board’s (FSB) decision to set a deadline of March 2013 for the introduction of a global legal entity identifier (LEI) system may be tight, but industry experts say it can be achieved by using existing infrastructure and following the board’s federated approach to a global solution. The deadline was set by the…