The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Telekurs Financial Implements IBEI Codes

Share article

Broadening the adoption of a standard identifier for business entities, Telekurs Financial has implemented the International Business Entity Identifier (IBEI) codes for its Valordata Feed (VDF) and its financial display Telekurs iD. The vendor has been working on this implementation since June 2007 in order to allow European customers to identify participants in the processing chain of cross-border securities trading via IBEI codes.

Eight European countries have so far adopted the IBEI, but it has failed to gain the backing of countries such as the UK and the US during the second ballot on its introduction last year. The countries that have adopted the standard currently comprise Switzerland, France, Luxembourg, Liechtenstein, Belgium, Germany, Austria and Spain.

Telekurs has thrown its weight behind promoting wider use of the standard in Europe and reports that it has been strengthening its cooperation with the National Numbering Agencies with this in mind.

“The industry has been struggling for the last 10 years to agree on an IBEI concept. Telekurs Financial believes that the scheme of the IBEI code, as implemented by various Numbering Agencies, is an important step towards helping the global financial industry standardise the securities processing chain and thereby minimise the inherent operational risks of financial transactions,” says Nourredine Yous, head of data quality and development at Telekurs Financial.

Related content

WEBINAR

Recorded Webinar: Adopting Entity Data Hierarchies to Address Holistic Risk Management

Firms across the board are struggling to gain a comprehensive view of their counterparty risk. In the wake of the Credit Crisis, regulators have increased their focus on pushing firms to not only better understand risk exposure, but also be able to provide evidence of the analysis they use to create their view of risk....

BLOG

Join Next Week’s RegTech Summit Virtual to Discuss Regulation Post-Covid, the Brexit Regime and Ongoing Challenges of KYC and AML

The coronavirus pandemic has changed the way we work and it is becoming increasingly clear that the business environment will be irrevocably changed by the 2020 experience. Remote engagement has become more important than ever, and agility and versatility have become valuable characteristics in this new normal. At the same time, regulatory oversight is becoming...

EVENT

RegTech Summit Virtual

The RegTech Summit Virtual is a global online event that will be held in May 2021 with an exceptional guest speaker line up of RegTech practitioners, regulators, start-ups and solution providers to collaborate and discuss innovative and effective approaches for building a better regulatory environment.

GUIDE

Valuations – Toward On-Demand Evaluated Pricing

Risk and regulatory imperatives are demanding access to the latest portfolio information, placing new pressures on the pricing and valuation function. And the front office increasingly wants up-to-date valuations of hard-to-price securities. These developments are driving a push toward on-demand evaluated pricing capabilities, with pricing teams seeking to provide access to valuations at higher frequency...