Home   News   Features   Interviews   Magazine Archive   Symposium   Industry Awards  
Subscribe
Securites Lending Times logo
Leading the Way

Global Securities Finance News and Commentary
≔ Menu
Securites Lending Times logo
Leading the Way

Global Securities Finance News and Commentary
News by section
Subscribe
⨂ Close
  1. Home
  2. Industry news
  3. FSB launches thematic peer review
Industry news

FSB launches thematic peer review


16 August 2018 Basel
Reporter: Maddie Saghir

Generic business image for news article
Image: Shutterstock
The financial stability board (FSB) has launched a thematic peer review on the implementation of the Legal Entity Identifier (LEI) and has invited feedback from stakeholders.

The review aims to evaluate the progress made by FSB members in response to the G20 Leaders’ 2012 call for “global adoption of the LEI to support authorities and market participants in identifying and managing financial risks”.

According to FSB, the peer review will take stock of the approaches and strategies used by FSB members to implement the LEI, including the adoption for regulatory requirements.

Additionally, it will assess whether current levels and rates of LEI adoption are sufficient to support the on-going and anticipated needs of FSB member authorities.

As well as this, the peer review will identify the challenges in further advancing the implementation and use of the LEI, and make recommendations to address common challenges.

The Summary Terms of Reference provide further details on the objectives, scope, and process for this review, and a questionnaire to collect information from national authorities has been distributed to FSB members.

The responses will be analysed and discussed by the FSB later this year and the peer review report will be published in the first half of next year.

As part of this peer review, the FSB invites feedback on the implementation of the LEI from financial institutions, industry consumer associations, and other stakeholders.

The FSB revealed that this could include comment on identifiers used by financial institutions for legal entities established in their jurisdiction or in a foreign jurisdiction, as well as awareness and adoption of the LEI in their jurisdiction.

The comments could also include types of private sector uses of the LEI and the benefits measured or anticipated from such uses.

Challenges and costs faced in acquiring and maintaining LEIs and main obstacles faced by market participants in the adoption and implementation of LEI may also be included in the comment.

← Previous industry article

Tradeweb brings RFQ Trading to options industry
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
Advertisement
Subscribe today
Knowledge base

Explore our extensive directory to find all the essential contacts you need

Visit our directory →

Discover definitions, explanations and related news articles in our glossary

Visit our glossary →