Legal Entity Identifier (LEI)
|
|
- Chrystal Joseph
- 6 years ago
- Views:
Transcription
1 Cross border sharing of credit reports and the Legal Entity Identifier (LEI) BIIA Asia Pacific Middle East Limited (Regional Meeting) Phnom Penh, Cambodia March 14th to 15th, 2018 Michael Ritter, Deutsche Bundesbank, Head of Central Credit Register, Chair of the Regulatory Oversight Committee (ROC)
2 Agenda 1. Cross border sharing of credit data 2. The Legal Entity Identifier (LEI) LEI code structure LEI use cases Recent regulatory adoptions (Asia Pacific) Statistics Asia Pacific 3. The Global Legal Entity Identifier System (GLEIS) Architecture of the GLEIS 2
3 Cross border sharing of credit data a challenging process Ever more data on more and more entities / parties from various sources worldwide Most companies use multiple identifiers in multiple sytems Corporate registers, industry associations and utilities, exchanges, credit bureaus, customs and tax authorities and other market infrastructure players each maintain their own indentification numbers Improve data on cross-border exposures Customer Identification - Identification of parties is: Time-consuming Costly Complex 3
4 What is the LEI? The LEI is... a 20 digit dump number to globally identify legal entities a global public good free of charge for data users LEI data: Level 1: who is who: reference data, business card information (done) Level 2: who owns whom: relationship data (done) Level 3: who owns what: financial data (a vision) 4
5 The LEI is based on the ISO standard Unique 20 digit alphanumeric code based on ISO standard assigned to legal entities LEIs are issued by Local Operating Units (LOUs) LOUs supply registration, renewal and other services, and act as the primary interface for registrants for LEIs 5
6 LEI Use cases and benefits *(source: McKinsey paper The LEI: The value of the unique counterparty ID Capital markets Reducing costs for onboarding clients and of middle- and back-office activities LEI use throughout the lifecycle of the client relationship Reducing time spent on data correction and reconciliation Commercial credit More robust and efficient Know Your Customer (KYC) diligence on borrowers Traceability of information on borrowers from multiple sources Commercial transactions (Trade finance and e-invoicing) Faster processing of letters of credit (facilitate payments in cross-border transactions) Better identification of sellers on e-invoicing networks McKinsey White Paper suggests combined potential savings of at least US$ 650m annually just in core banking! 6
7 Benefits of LEI adoption for users in the private sector LEI adoption responds to business needs with regard to identification management in the following areas Know your customer utilities (KYC) Unified data management Correspondent banking (buy side and sell side) Trade finance Cash management corporates Distributed ledger solutions (e.g. Blockchain) Standard Business Reporting Asset management for (pension) funds Payment schemes Card payment schemes (merchant data) E-invoicing schemes Trading, clearing and settlement rulebooks Collateral management Credit rating Market research 7
8 Transparency of (financial) transactions as user requirement of the public sector Required by public authorities in the following areas: (see also Rulemaking initiatives page at Risk assessment, market surveillance and enforcement Reporting to derivatives regulators Reporting to securities regulators Reporting to insurance and pension funds regulators Reporting to Banking Supervisors Reporting to Central Banks, e.g. regarding Balance of payments reporting AML (anti money laundering), CFT (combating the financing of terrorism) and sanction regimes Other needs of the public sector Credit Reporting Reporting for statistical market research Collateral assessment and management in Central Banks Public procurement 8
9 Recent adoptions Regulatory use of the LEI India Introduction of the LEI for the OTC derivatives market (required since 2017) LEI mandated for large corporate borrowers of banks having total exposure of Rs 500 million and above through Directive under Banking Regulation Act (Implementation in Phases) Corporate with Total Exposure to SCB Target date for obtaining LEI Rs mn and above Mar 31, 2018 Between Rs 5000 mn and Rs mn Jun 30, 2018 Between Rs 1000 mn and Rs 5000 mn Mar 31, 2019 Between Rs 500 mn and Rs 1000 mn Dec 31, 2019 Separate roadmap to be put in place for exposures between Rs 50 million and up to Rs 500 million Malaysia Adoption (required 2018) of the LEI in the large value payment system (Real-time Electronic Transfer of Funds and Securities System - RENTAS) 9
10 LEI Statistics India Total No. of LEI issued by LEIL India *(27 th Feb 2018) LEI Issued First Quarter 2017(Q1) Second Quarter 2017 (Q2) Third Quarter 2017(Q3) Fourth Quarter 2017 (Q4) 10
11 LEI Statistics Asia Pacific Issued LEIs by Country 11
12 Current GLEIS architecture and governance GLOBAL LEI SYSTEM HIGH LEVEL PRINCIPLES GLOBAL REGULATORY OVERSIGHT COMMITTEE CHARTER Regulatory Oversight Committee (ROC) Chair Michael Ritter, Vice-Chairs Joseph Tracy, Nanda S. Dave Secretariat Stéphane Mahieu ROC PLENARY ROC EXECUTIVE COMMITTEE MoU, ROC Chairs observers on GLEIF Board COMMITTEE ON EVALUATION AND STANDARDS (CES) GLOBAL LEI FOUNDATION (GLEIF) operating CENTRAL OPERATING UNIT (COU) BOARD OF DIRECTORS (BoD) Chair Gerard Hartsink CEO and staff CEO Stephan Wolf Master Agreement setting GLEIF accreditation and oversight role towards LOUs LOCAL OPERATING UNIT (LOU) 1 LOCAL OPERATING UNIT (LOU) 2 LOCAL OPERATING UNIT (LOU) N 12
13 LEI Governance the Regulatory Oversight Committee (ROC) 72 members and 18 observers from over 50 jurisdictions Open to any public sector authority, international financial institutions, international public sector bodies (e.g. Central Banks, Regulators) Chair, two Vice-Chairs and Executive Committee (regionally balanced) ROC supported by an advisory technical committee, the Committee on Evaluation and Standards (CES) Task Forces, Working Groups, Study Groups LEI Private Sector Preparatory Group Website: 13
14 LEI Governance - the Global LEI Foundation (GLEIF) GLEIF is a Swiss foundation (non-for-profit) inaugurated in June 2014 in Basel (Switzerland) and founded by the Financial Stability Board (FSB) Statutes and business plan approved by the ROC and FSB GLEIF Board (BoD) of 18 independent directors of 14 jurisdictions (balanced representation of industry participants from different geographic areas and sectors of the economy) Chair and one Vice-Chair CEO of the GLEIF appointed by the BoD 14
15 LEI Governance - the Local Operating Unit (LOU) Currently 30 accredited LOUs by the GLEIF: Various types: Business registries Stock exchanges Trade repositories Custodians of financial instruments Central banks Numbering agencies issuing e.g. International Securities Identification Numbers Some serve a given country, others offer services to entities worldwide 15
16 Useful links for up-to-date information 1) 2) 16
17 Thank you for your attention! Michael Ritter Deutsche Bundesbank Head of Central Credit Register Tel:
Legal Entity Identifier (LEI) and its implications on business information
Legal Entity Identifier (LEI) and its implications on business information BIIA`s 10th Anniversary Business information Conference Hong Kong, October 29th & 30th 2015 What is the LEI The LEI is... a 20
More informationUnderstanding the Global Legal Entity Identifier (LEI) System DECEMBER 2015
Understanding the Global Legal Entity Identifier (LEI) System DECEMBER 2015 Understanding the Global Legal Entity Identifier (LEI) System Agenda 1. The Legal Entity Identifier (LEI) a. ISO 17442 b. Registration
More informationGlobal Legal Entity Identifier Foundation
Global Legal Entity Identifier Foundation Promoting adoption of the Legal Entity Identifier across the globe GLEIF CEO Stephan Wolf Mexico City, 18 November 2015 2015 GLEIF and/or its affiliates. All rights
More informationNewsletter November 2017 LEGAL ENTITY IDENTIFIER (LEI) SOLVING THE MYSTERY OF THE NEW REGIME
Newsletter November 2017 LEGAL ENTITY IDENTIFIER (LEI) SOLVING THE MYSTERY OF THE NEW REGIME After the last financial crisis and, in particular, the collapse of Lehman Brothers in 2008, financial regulators
More informationBuilding a Global System for LEI s: Arthur B. Kennickell
Building a Global System for LEI s: Arthur B. Kennickell ISITC September 2015 Industry Forum & Working Groups September 13-15, 2015 Building a Global System for LEIs Arthur Kennickell Federal Reserve Board
More informationEIOPA Guidelines on the Legal Entity Identifier (LEI)
FINAL Compliance Table 1 EIOPA Guidelines on the Legal Entity Identifier (LEI) Member State: Bulgaria Competent Authority: Financial Supervision Commission Guidelines on Legal Entity Identifier (LEI) Response
More informationLEI ROC. Progress report by the Legal Entity Identifier Regulatory Oversight Committee (LEI ROC) The Global LEI System and regulatory uses of the LEI
LEI ROC Progress report by the Legal Entity Identifier Regulatory Oversight Committee (LEI ROC) The Global LEI System and regulatory uses of the LEI 30 April 2018 Executive Summary The G-20 Leaders supported
More informationThe Legal Entity Identifier: The Value of the Unique Counterparty ID
The Legal Entity Identifier: The Value of the Unique Counterparty ID The Legal Entity Identifier: The Value of the Unique Counterparty ID Contents Executive Summary 2 The Legal Entity Identifier: A Global
More informationLegal Entity Identifier India Limited Accredited by GLEIF. Frequently Asked Questions
Legal Entity Identifier India Limited Accredited by GLEIF Frequently Asked Questions July 2017 General questions Q: What is an LEI? A: The Legal Entity Identifier (LEI) initiative is designed to create
More informationThe Legal Entity Identifier for non financial corporations. Banque de France 27 June 2018
The Legal Entity Identifier for non financial corporations Banque de France 27 June 2018 1 8 Dominique Durant Banque de France 2018 Banque de France All rights reserved. Meet the Market event Banque de
More informationVALIDATING CORPORATE ALF HEIDEMANN BUNDESANZEIGER EXISTENCE
VALIDATING CORPORATE ALF HEIDEMANN BUNDESANZEIGER (GER) EXISTENCE Frankfurt, June 07 2017. AGENDA 1. what is an LEI 2. resources: usage and examination process 3. level: 2 data and its meaning for a legal
More informationEFAMA s REPLY TO LEI ROC s SECOND CONSULTATION DOCUMENT ON FUND RELATIONSHIPS IN THE GLOBAL LEI SYSTEM
EFAMA s REPLY TO LEI ROC s SECOND CONSULTATION DOCUMENT ON FUND RELATIONSHIPS IN THE GLOBAL LEI SYSTEM Question 1: Do you have comments on the revised definitions of a Fund Management Entity, Umbrella
More informationLegal Entity Identifier (LEI)
Association of National Numbering Agencies scrl ANNA Workshop Legal Entity Identifier (LEI), ANNA Secretariat Bali, Indonesia November 19, 2014 Background Longstanding issues with risk and exposure management
More informationFATF Report to the G20 Finance Ministers and Central Bank Governors
FATF Report to the G20 Finance Ministers and Central Bank Governors April 2019 The Financial Action Task Force (FATF) is an independent inter-governmental body that develops and promotes policies to protect
More informationLegal Entity Identifier (LEI) in KDPW_LOU. Marcin Wrona KDPW_TR Senior Specialist
Legal Entity Identifier (LEI) in KDPW_LOU Marcin Wrona KDPW_TR Senior Specialist Bucharest 26.05.2015 LEI legal conditions 2 LEI why and what for? Why LEI was established? The creation of the Global LEI
More informationLEGAL ENTITY IDENTIFIER INDIA LIMITED
LEGAL ENTITY IDENTIFIER INDIA LIMITED NOTIFICATION 26 th April, 2017 Notification No: LEIL/2017/02 To, Legal Entities eligible to apply for LEI/Legal Entities holding LEI Dear Sir/Madam, Re: Changes to
More informationBUILDING A GLOBAL LEGAL ENTITY IDENTIFIER (LEI) WEBINAR
BUILDING A GLOBAL LEGAL ENTITY IDENTIFIER (LEI) WEBINAR 12.15.2011 Dial In Information For the Audio for this webinar; please dial: 6 AM EST Session International: 1-773-799-3664 US: 888-455-6859 Passcode:
More informationAnti-Money Laundering and Counter-Terrorist Financing Questionnaire
Deutsche Börse Group Group Client Key Account Mgmt. Trading * Company Name of Company 60485 Frankfurt am Main Germany Fax Frankfurt: +49-(0)69-211-11641 Fax London: +44-(0)207-862 7297 Fax Paris: +33-(0)-155
More informationFATF Report to the G20 Finance Ministers and Central Bank Governors
FATF Report to the G20 Finance Ministers and Central Bank Governors March 2018 FINANCIAL ACTION TASK FORCE The Financial Action Task Force (FATF) is an independent inter-governmental body that develops
More informationLegal Entity Identifier India Limited Accredited by GLEIF. Frequently Asked Questions
Legal Entity Identifier India Limited Accredited by GLEIF Frequently Asked Questions January 2018 RBI Circular Dated Nov 02, 2017 for Large borrowers Q: I have obtained LEI for my company. Do I have apply
More informationDEVELOPMENT BANK OF IRAN (EDBI)
EXPORT DEVELOPMENT BANK OF IRAN (EDBI) Anti-Money Laundering and Combating Financing of Terrorism Policies Target audience: Employees and Management of EDBI Approved by: EDBI s Board of Directors, at 2018/05/21
More informationFinancial Services Risk and Regulation
Financial Services Risk and Regulation Regulatory Updates Newsletter April 2018 www.pwc.com Contents Executive Summary 3 4 5 6 7 8 9 10 PwC 2 Executive Summary Emily Lam +852 2289 1247 PwC HK FS Risk and
More informationDigital KYC Utility for UAE Concept Paper
Digital KYC Utility for UAE Concept Paper Overview of KYC shared utility concept What is Know Your Customer (KYC)? KYC is the process of verifying the identity of clients and assessing potential risks
More informationThe G20/FSB Financial Regulatory Reform Agenda
The G20/FSB Financial Regulatory Reform Agenda Costas Stephanou, Financial Stability Board Secretariat WTO Workshop on Trade in Financial Services & Development Geneva, 26 June 2012 1 What is the FSB?
More informationANNA numbers the world. Association of National Numbering Agencies scrl
Association of National Numbering Agencies scrl Name Agenda Who is ANNA? Mission Statement Objectives ANNA organisation About ANNA Members Membership Levels Substitute Numbering Agencies Working and Regional
More informationCSD Trends. April Ana Giraldo Director, Capital Markets 17/04/17. Thomas Murray Data Services
CSD Trends Ana Giraldo Director, Capital Markets April 2017 Thomas Murray Data Services 2017 1 Agenda I. ISO 20022 Standard II. III. IV. Settlement Cycles Regional Hubs Integration V. Systems and Blockchain
More informationComments on the consultation document, Governance arrangements for the unique product identifier (UPI): key criteria and functions,
November 17, 2017 Secretariat to the Financial Stability Board Bank for International Settlements Centralbahnplatz 2 CH-4002 Basel Switzerland Comments on the consultation document, Governance arrangements
More informationFebruary 24, CPMI Secretariat Bank for International Settlements Centralbahnplatz Basel Switzerland Via
State Street Corporation David M. Blaszkowsky Senior Vice President Enterprise Data Governance and Management 100 Summer Street Boston, MA 02110 Telephone: 617.664.1850 dmblaszkowsky@statestreet.com www.statestreet.com
More informationFinancial Stability Board. Promoting financial stability to support sustainable growth. Rupert Thorne, Deputy to the Secretary General 1 July 2013
Financial Stability Board Promoting financial stability to support sustainable growth Rupert Thorne, Deputy to the Secretary General 1 July 2013 What is the FSB? International body established to address
More informationUPDATING THE MINIMUM FIDUCIARY STANDARDS ON ISSUES RELATED TO ANTI- MONEY LAUNDERING AND COMBATING THE FINANCING OF TERRORISM
55 th GEF Council Meeting December 18 20, 2018 Washington, D.C. GEF/C.55/09 November 29, 2018 Agenda Item 08 UPDATING THE MINIMUM FIDUCIARY STANDARDS ON ISSUES RELATED TO ANTI- MONEY LAUNDERING AND COMBATING
More informationBVI s response to the FSB consultation document on Governance arrangements for the unique product identifier (UPI): key criteria and functions
Frankfurt am Main, 23 November 2017 BVI s response to the FSB consultation document on Governance arrangements for the unique product identifier (UPI): key criteria and functions BVI 1 gladly takes the
More informationCOMMODITY FUTURES TRADING COMMISSION. Amended Order Designating the Provider of Legal Entity Identifiers to be Used in
This document is scheduled to be published in the Federal Register on 06/28/2013 and available online at http://federalregister.gov/a/2013-15477, and on FDsys.gov 6351-01-P COMMODITY FUTURES TRADING COMMISSION
More informationMiFID II/MIFIR Readiness
MiFID II/MIFIR Readiness October 2017 Author: GLEIF 1 What is MiFID II/MiFIR and the LEI requirements? MiFID II and MiFIR were adopted by the European Parliament and the Council of the European Union and
More information1 General Information for an LEI Application for Funds... 2
WM-LEIPORTAL Manual LEI Application Fund Index 1 General Information for an LEI Application for Funds... 2 1.1 Single Application / Bulk Application... 3 1.2 Authorization to apply for an LEI... 3 1.3
More informationOctober AML Standards for Digital Assets
October 08 AML Standards for Digital Assets AML Standards for Digital Assets October 08 Introduction The Capital Markets and Technology Association (CMTA) is an independent Swiss association bringing together
More informationWhat You Need. Pilotage Private Wealth AG
What You Need to Know About Independent Asset Managers in Switzerland Dr. Gregg S. Robins Pilotage Private Wealth AG November 2015 1. Swiss IAMs in Brief: People and Offering Decades ago, individual private
More informationAnalysis of Potential Blockchain Use Cases Deloitte Consulting, September 2016
Analysis of Potential Blockchain Use Cases Deloitte Consulting, September 20 A look into KYC in a blockchain world August, 20 Investor KYC Utility Use Case Investor KYC Utility Introduction Current-state
More informationAlter Domus AUSTRALIA
WE RE WHERE YOU NEED US. Alter Domus is a fully integrated Fund and Corporate services provider, dedicated to international private equity & infrastructure houses, real estate firms, multinationals, private
More informationFinancial markets today are a global game between a variety of highly interconnected players. Financial regulation sets out the rules of this game.
30 November 2017 ESMA71-319-65 Keynote Address ASIFMA Annual Conference 2017 Hong Kong Verena Ross Executive Director Ladies and gentlemen, I am very pleased to be with you today and to have been invited
More informationSynopsis of the most important regulatory developments in insurance Status as at 1 January 2018 Swiss insurance industry what counts
www.pwc.ch Synopsis of the most important regulatory developments in insurance Status as at January 208 Swiss insurance industry what counts Introduction Given the paramount importance for financial market
More informationLegal Entity Identifiers
Factsheet What is MiFIDII? MiFID is the Markets in Financial Instruments Directive. It originates from the European Commission and has been in force since vember 2007. MiFIDII is effectively an update
More informationMEDIA RELEASE. IOSCO to progress reform agenda under new leadership IOSCO/MR/11/2013. Sydney, 1 April 2013
IOSCO/MR/11/2013 Sydney, 1 April 2013 IOSCO to progress reform agenda under new leadership Mr. Greg Medcraft, chair of the Australian Securities and Investments Commission, took over as chair of the (IOSCO)
More informationDeclarations by Senior Management or Beneficial Owners (for use by legal persons, organizations, and trustees)
Declarations by Senior Management or Beneficial Owners (for use by legal persons, organizations, and trustees) Version.9.07 The issuer of this undertaking (hereinafter the Issuer ), by virtue of banking
More informationAssessment of AML/CFT in the Particular Context of Financial Inclusion
Assessment of AML/CFT in the Particular Context of Financial Inclusion AFI, SBS Peru and WB Forum, Lima Peru, May 12-13 2011 Pierre Laurent Chatain Lead Financial Sector Specialist (Financial Systems)
More informationJulien Laurent, KYC/AML Specialist CEE
Julien Laurent, KYC/AML Specialist CEE SWIFT Business Forum Romania, 28 October 2015 A community issue calling for a community solution Financial crime is top of the agenda for banks All geographies /
More informationBlockchain Technology: Preparing for Change
04 Blockchain Technology: Preparing for Change Blockchain Technology: Preparing for Change 04 In Short Blockchain-related Venture Capital $392.86 million in 2015 funding through July Settlement Days Syndicated
More informationFATF Report to the G20 Leaders Summit
FATF Report to the G20 Leaders Summit November 2018 The Financial Action Task Force (FATF) is an independent inter-governmental body that develops and promotes policies to protect the global financial
More informationUnofficial Translation
Unofficial Translation Prakas on Structures Duties and Functions of the Cambodia Financial Intelligence Unit The Governor of the National Bank of Cambodia - With reference to the Constitution of the Kingdom
More informationNorth American Power Credit Organization
North American Power Credit Organization Practical considerations associated with the Dodd-Frank Act (3:15pm 5:00pm) 2 May 2013 Agenda and contents Dodd-Frank overview and highlights 3-6 Industry snapshot
More informationHUMAN RIGHTS AND THE FINANCIAL CRISIS Perspectives on causes and responses Tajinder Singh Deputy Secretary General, IOSCO
HUMAN RIGHTS AND THE FINANCIAL CRISIS Perspectives on causes and responses Tajinder Singh Deputy Secretary General, IOSCO IOSCO : A BRIEF INTRODUCTION IOSCO is recognized as the International Standard
More informationBVI`s position on the consultation document on including data on branches in the Global LEI System
BVI Bockenheimer Anlage 15 60322 Frankfurt am Main Legal Entity Identifier Regulatory Oversight Committee (ROC) Sent by email: leiroc@bis.org Date Phone Email 16 November 2015 +49 69 15 40 90 255 rudolf.siebel@bvi.de
More informationIndependent Outlook on KYC Landscape"
IBF Connect (Compliance) 2016 "GETTING COMPLIANCE READY FOR FINANCIAL SERVICES IN 2020 Presentation by PricewaterhouseCoopers (PwC) Independent Outlook on KYC Landscape" By Denise Lim Partner Risk Assurance,
More informationRe: Implications of Fintech Developments for Banks and Bank Supervisors
Robert A. Morgan Vice President Emerging Technologies 202-663-5387 rmorgan@aba.com October 31 st, 2017 Secretariat of the Basel Committee on Banking Supervision Bank for International Settlements CH-4002
More informationIndependent Outlook on KYC Landscape. Daniel Loffi Partner, Financial Crime Practice, PwC
Independent Outlook on KYC Landscape Daniel Loffi Partner, Financial Crime Practice, PwC http://www.pwc.com Independent Outlook on KYC Landscape 2 Evolving landscape of KYC Utilities Evolving landscape
More informationCompany Profile CSD. Organization Name: Country/ Region: Name of CEO: Capital (US$): USD 159 Million as of
Company Profile Organization Name: Country/ Region: Name of CEO: Istanbul Clearing, Settlement and Custody Bank Inc., Takasbank Turkey Mahmut Kayacık Capital (US$): USD 159 Million as of 31.12.2017 Number
More informationCommittee on Payments and Market Infrastructures (CPMI)
Committee on Payments and Market Infrastructures (CPMI) Payment System Policy and Oversight Course May 2016 PMI Policy Staff Federal Reserve Bank of New York Important Note The views expressed in this
More informationOTC Derivatives Market Reforms. Twelfth Progress Report on Implementation
OTC Derivatives Market Reforms Twelfth Progress Report on Implementation 29 June 17 The Financial Stability Board (FSB) is established to coordinate at the international level the work of national financial
More informationInside magazine issue 13 Part 03 - From a risk and cyber perspective
How should we tackle the new KYC challenges? Maxime Heckel Director Operations Excellence & Human Capital Deloitte Bastien Collette Senior Manager Operations Excellence & Human Capital Deloitte In the
More informationPalestine Anti -Money Laundering Accreditation PAMLA
Palestine Anti -Money Laundering Accreditation PAMLA Main Objectives To educate the student on what constitutes money laundering and its history To illustrate the adverse effects that money laundering/terrorist
More informationGTR. The Reporting Solution for Securities Financing Transactions
GTR The Reporting Solution for Securities Financing Transactions THE GTR SOLUTION With Europe s Securities Financing Transactions Regulation (SFTR) due to take effect in 2019, DTCC s Global Trade Repository
More informationAnti-Money Laundering & Combating Terrorist Financing Training awareness briefing sessions (3hours) All Financial Institutions staff
Anti-Money Laundering & Combating Terrorist Financing Training awareness briefing sessions (3hours) All Financial Institutions staff Purpose The aim of the program is to increase the participants awareness
More informationHeadline Verdana Bold Banking Supervision and Regulation International Standards: Basel II & III 4 th Banking and Business Forum Iran Europe in
Headline Verdana Bold Banking Supervision and Regulation International Standards: Basel II & III 4 th Banking and Business Forum Iran Europe in Tehran on 29 April 2017 Asad A. Jafree, Deloitte Corporate
More informationProgress of Financial Regulatory Reforms
THE CHAIRMAN 12 February 2013 To G20 Ministers and Central Bank Governors Progress of Financial Regulatory Reforms Financial market conditions have improved over recent months. Nonetheless, medium-term
More informationThe OneAlto Token (O-Token ) Standard. Version February 28, Abstract
The OneAlto Token (O-Token ) Standard Version 1.0.0 February 28, 2019 Abstract OneAlto is building a decentralized compliance protocol to standardize the way cryptosecurities are issued and traded on blockchains.
More informationSTATEMENT OF ANTI-MONEY LAUNDERING (AML) AND COMBATING THE FINANCING OF TERRORISM (CFT) POLICIES AND PRINCIPLES
STATEMENT OF ANTI-MONEY LAUNDERING (AML) AND COMBATING THE FINANCING OF TERRORISM (CFT) POLICIES AND PRINCIPLES Scope AstroBank Limited (the Bank ) has established and implemented appropriate policies
More informationRegulatory Update October 2008
Regulatory Update October 2008 BMAreport_01.indd 1 10/17/08 3:44:48 PM Table of Contents Preface 1 Regulatory and 2 Legislative Developments 1. Banking 2 2. Insurance 3 3. Fund Administration 4 4. Other
More informationConsultative report. Committee on Payments and Market Infrastructures. Board of the International Organization of Securities Commissions
Committee on Payments and Market Infrastructures Board of the International Organization of Securities Commissions Consultative report Harmonisation of critical OTC derivatives data elements (other than
More informationCommittee on Payments and Market Infrastructures. Board of the International Organization of Securities Commissions. Technical Guidance
Committee on Payments and Market Infrastructures Board of the International Organization of Securities Commissions Technical Guidance Harmonisation of critical OTC derivatives data elements (other than
More informationAnti Money Laundering - Investor Education
Anti Money Laundering - Investor Education Statutory/Regulatory References 1. The Prevention of Money Laundering Act, 2002 2. The Prevention of Money Laundering Rules, 2005 3. SEBI circulars from time
More informationFact Sheet INTERNATIONAL ORGANIZATION OF SECURITIES COMMISSIONS
Fact Sheet INTERNATIONAL ORGANIZATION OF SECURITIES COMMISSIONS FEBRUARY 2018 International Organization of Securities Commissions The International Organization of Securities Commissions (IOSCO) is the
More informationGlobal Legal Entity Identifier Foundation Annual Report GLEIF Annual Report
Global Legal Entity Identifier Foundation Annual Report GLEIF Annual Report 1 2 GLEIF Annual Report GLEIF Annual Report 3 Table of Contents LEIs Registered Worldwide... 4 Overview of GLEIF, GLEIS and GLEIF
More informationINNOVATIONS IN IDENTITY IN FINANCIAL SERVICES
In financial services, identity defines and permits the relationship between providers and clients. Financial institutions need to know they are lending to genuine, legal and reliable customers, and customers
More informationLEGAL ENTITY IDENTIFIER INDIA LIMITED Rules for Pre LOU/LOU Services
LEGAL ENTITY IDENTIFIER INDIA LIMITED Rules for Pre LOU/LOU Services Table of Contents GLOSSARY 2 I. INTRODUCTION.. 6 II. POWERS OF THE BOARD... 8 III. GENERAL..9 IV. PRE-REQUISITES FOR REGISTRATION OF
More informationInter-Agency Work. IOSCO work with the Bank for International Settlements. BCBS-IOSCO Working Group on Margining Requirements (WGMR)
Inter-Agency Work IOSCO work with the Bank for International Settlements BCBS-IOSCO Working Group on Margining Requirements (WGMR) In 2011, the G20 Leaders called upon the Basel Committee on Banking Supervision
More informationThis course is presented in London on: March 2018, October The Banking and Corporate Finance Training Specialist
Anti Money Laundering - Financial Crime Compliance Blockchain Technology, De-Risking And Money Laundering In the Financial Services Sector - (Banks & Non Banks) This course is presented in London on: 19-20
More informationASIFMA Best Practices for AML/KYC. June Developed with support from an ASIFMA member working group led by:
ASIFMA Best Practices for AML/KYC June 2018 Developed with support from an ASIFMA member working group led by: Contents 1. Overview... 3 2. CDD Measures Identification of Customer... 4 3. CDD Measures
More informationSession 403 Legal Entity Identifier: Truth, Fiction, and Action
Session 403 Legal Entity Identifier: Truth, Fiction, and Action Dennis Lebar, CPA Accounting and Regulatory Specialist - SunGard iworks Maria Bifulco Director, Project Management Investment Operations
More informationGENESIS FUND SERVICES LIMITED provides boutique administrative
Performance Driven 1 GENESIS FUND SERVICES LIMITED provides boutique administrative services to hedge fund managers, commodity pool operators, family offices, banks and trust companies, and high net worth
More informationConsultation Document on Funds Relationships in the Global LEI System
LEI ROC Restricted Consultation Document on Funds Relationships in the Global LEI System 26 September 2017 Executive summary The present report proposes a limited update to the way relationships affecting
More informationInternational Insurance Regulation 101: International Association of Insurance Supervisors
The Academy Capitol Forum: Meet the Experts International Insurance Regulation 101: International Association of Insurance Supervisors George Brady, Deputy Secretary General, IAIS Moderator: Jeffrey S.
More informationAFMA Committees Round-up Member Updates
MEMBER NEWS November December 2017 Member Updates AFMA s Market and Operations s and Working Groups play a vital role in the efficient operation of the OTC markets by developing and managing the conventions,
More informationTHE WORLD S LEADING AND MOST COMPREHENSIVE CRYPTO ASSET FRAMEWORK BY ABU DHABI GLOBAL MARKET (ADGM)
THE WORLD S LEADING AND MOST COMPREHENSIVE FRAMEWORK BY ABU DHABI GLOBAL MARKET (ADGM) FINANCIAL SERVICES REGULATORY AUTHORITY 2 ADGM LICENCE FOR "OPERATING A BUSINESS" (OCAB) A COMPREHENSIVE AND ROBUST
More informationRevised trade reporting requirements under EMIR June 2017
Revised trade reporting requirements under EMIR June 2017 Background Article 9 of the European Market Infrastructure Regulation (EMIR) requires counterparties to report details of any derivative contract
More informationSharing and using financial micro-data 1
Ninth IFC Conference on Are post-crisis statistical initiatives completed? Basel, 30-31 August 2018 Sharing and using financial micro-data 1 Alejandro Gaytan González, Manuel Sánchez Valadez and Mario
More informationDocument Handling: The document is available on the New Zealand Superannuation Fund s internal and external websites.
Derivatives Policy Document Owner: General Manager Portfolio Completion Subject Matter Contributors: Head of Asset Allocation Head of Investments Head of Portfolio Completion Head of Portfolio Investments
More informationFinancial Stability Board holds inaugural meeting in Basel
Press release Press enquiries: Basel +41 76 350 8430 Press.service@bis.org Ref no: 28/2009 27 June 2009 Financial Stability Board holds inaugural meeting in Basel The Financial Stability Board (FSB) held
More informationIntegrity in Mobile Financial Services
Integrity in Mobile Financial Services Workshop on Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) Bangkok, Thailand June 24-26, 2008. Raul Hernandez -Coss Financial Sector Specialist
More informationEuropean Market Infrastructure Regulation (EMIR) - Impact on Market Participant s Business Operations & Technology Landscape
European Market Infrastructure Regulation (EMIR) - Impact on Market Participant s Business Operations & Technology Landscape Over-the-Counter (OTC) derivatives constitute 95% of the derivatives market
More informationFATF Mutual Evaluation of Ireland 2017
FATF Mutual Evaluation of Ireland 2017 Introduction Background The Financial Action Task Force ( FATF ) was established in 1989 with a high level objective that: Financial systems and the broader economy
More informationFinancial Stability Board (FSB) and its work on Shadow Banking
Shadow Banking Financial Stability Board (FSB) and its work on Shadow Banking Yasushi Shiina, Member of Secretariat 9 November 2011 Note: The views expressed in this slides are those of the author and
More informationChecks and balances in place for registration of constituents as per SEBI guidelines (KYC / KRA / CKYC).
Annexure IV Indicative Processes/guidance for verification of respective areas:- 1. Client Registration Process and Documentations: Checks and balances in place for registration of constituents as per
More informationAnti Money Laundering - Financial Crime Compliance
Anti Money Laundering - Financial Crime Compliance Blockchain Technology, De-Risking And Money Laundering In the Financial Services Sector - (Banks & Non Banks) This course is presented in London on: 30-31
More informationEACH response to the CPMI-IOSCO consultative report Harmonisation of the Unique Transaction Identifier September 2015
EACH response to the CPMI-IOSCO consultative report Harmonisation of the Unique Transaction Identifier September 2015 1 European Association of CCP Clearing Houses AISBL (EACH), Rue de la Loi 42 Bte. 9,
More informationACCREDITATION STANDARDS RELATED TO ANTI- MONEY-LAUNDERING / COUNTERING THE FINANCING OF TERRORISM
Adaptation Fund Board Ethics and Finance Committee Twenty-third meeting Bonn, Germany, 9-10 October 2018 9 September 2018 Agenda item 6 ACCREDITATION STANDARDS RELATED TO ANTI- MONEY-LAUNDERING / COUNTERING
More informationImportance of the oversight function for financial market infrastructures: General framework and objectives
Importance of the oversight function for financial market infrastructures: General framework and objectives Workshop on payments systems oversight Kingston, Jamaica 5 December 2012 Klaus Löber CPSS Secretariat
More informationErste Financial Services GmbH (EFS)
(EFS) Credit Services Düsseldorf, November 2017 Risk & Rating Services Erste Financial Services GmbH Who we are Erste Financial Services We are an independent financial services company with offices in
More informationBank Of America Corporation Aml Policy Manual
Bank Of America Corporation Aml Policy Manual American Gaming Association. Best Practices Bank Secrecy Act and associated anti-money laundering (AML) statutes and regulations. Risk- The goal of this document
More informationIdentity Matching - Trends and Innovations
Bangladesh AML Summit 2017 Identity Matching - Trends and Innovations Rahul Oberai Regional Director accuity.com 2 Agenda Changing Compliance Regime Challenges faced Identity matching best practices Trade
More informationCrypto-assets. Report to the G20 on work by the FSB and standard-setting bodies
Crypto-assets Report to the G20 on work by the FSB and standard-setting bodies 16 July 2018 The Financial Stability Board (FSB) is established to coordinate at the international level the work of national
More informationRegulator s Perspective on IFRS Financial Statements
Regulator s Perspective on IFRS Financial Statements Jane Diplock AO Chairman, Executive Committee of IOSCO Chairman, New Zealand Securities Commission IASC Foundation: IFRS Conference Singapore 29 August
More information