http://www.gfma.org/uploadedFiles/News/Speeches/2015/gfma-lei-strongin-remarks.pdf
Release Date: 30 June 2014 Contact: Carol Danko, 202.962.7390, cdanko@sifma.org GFMA statement on the FSB's establishment of the Global LEI Foundation Washington, DC, June 30, 2014- GFMA today issued the following statement from Kenneth E. Bentsen, Jr., GFMA CEO and SIFMA president and CEO on the establishment of the Global Legal Entity Identifier Foundation (GLEIF) by the Financial Stability Board Plenary: "GFMA welcomes the establishment of the Global LEI Foundation and the appointment of the first LEI Board of Directors by the Financial Stability Board (FSB). These are essential foundational elements for the development of the global LEI System, and will help catalyze the further expansion of the use of the LEI around the globe. "Having a uniform, global legal entity identifier standard will help regulators, supervisors, researchers and firms to better measure and monitor systemic risk, more effectively measure and manage counterparty exposure, and improve operational efficiencies. Overall, this standard will help support the shared objective of a more stable financial system." The announcement was made by the FSB on June 30, 2014 and further statements from the GLEIF can be found here and here. -30- The Securities Industry and Financial Markets Association (SIFMA) brings together the shared interests of hundreds of securities firms, banks and asset managers. SIFMA's mission is to support a strong financial industry, investor opportunity, capital formation, job creation and economic growth, while building trust and confidence in the financial markets. SIFMA, with offices in New York and Washington, D.C., is the U.S. regional member of the Global Financial Markets Association (GFMA). For more information, visit http://www.sifma.org.
In a letter to the editor of the Financial Times, Kenneth E. Bentsen, Jr., - President and CEO of SIFMA and CEO of {SIFMA’s global affiliate} GFMA - encourages the Financial Stability Board (FSB) to urge regulators and policy makers across the globe to prioritize the use of LEIs as part of their toolkit for promoting financial stability.
http://www.gfma.org/uploadedFiles/Events/GFMABenchmarksBentsenOpeningRemarks022813.pdf
Release date: 11 October 2013 London, 11 October 2013 - GFMA released the following statement after the Regulatory Oversight Committee (ROC) of the Global Legal Entity Identifier System (GLEIS) endorsed three utilities as pre- Local Operating Units (pre-LOUs) with the authorization to issue pre-legal entity identifiers (pre-LEIs). The three pre-LOUs include the CICI Utility, as well as WM Datenservice and INSEE (issuing only to French entities). These pre-LOUs will issue pre-LEIs that will serve as common legal entity identifiers and will transition to the global system when it is completed. "The establishment of a global legal entity identifier system will dramatically improve systemic risk management in the financial industry. GFMA strongly supports the ROC's endorsement of these utilities to issue "mutually acceptable" pre-LEIs. The use of these pre-LEIs is a critical step forward for the GLEIS as it will enable the industry and regulators to start realizing the benefits of common identifiers now while work on the global system is completed. "Currently, there is no global standard for identifying parties to a financial transaction. Without a standard way to identify entities engaged in financial transactions, it is more challenging to measure the total exposure of one organization to another. The LEI initiative will dramatically improve systemic risk management by providing regulators and firms with more complete and accurate data on exposures in the financial system." -ENDS- The Global Financial Markets Association (GFMA) brings together three of the world's leading financial trade associations to address the increasingly important global regulatory agenda and to promote coordinated advocacy efforts. The Association for Financial Markets in Europe (AFME) in London and Brussels, the Asia Securities Industry & Financial Markets Association (ASIFMA) in Hong Kong and the Securities Industry and Financial Markets Association (SIFMA) in New York and Washington are, respectively, the European, Asian and North American members of GFMA. For more information, visit http://www.gfma.org.
Release Date January 20, 2012 Contact Liz Pierce, +1 (212) 313 1173, lpierce@gfma.org James White, +44 (0)20 7743 9367, james.white@gfma.org Rebecca Terner, +852 2537 3246, rterner@asifma.org GFMA Posts Provisional Legal Entity Identifiers LONDON, HONG KONG
Release Date 21 August 2012Contact Liz Pierce, 212 313 1173, lpierce@gfma.org GFMA Commends CICI Utility Launch New York, NY, 21 August 2012 – GFMA today released the following statement from David Strongin, representing GFMA, in response to today’s launch
GFMA Commends CFTC’s LEI Designation
Release Date June 13, 2012Contact Liz Pierce, 212.313.1173, lpierce@gfma.org GFMA Statement on the FSB’s Recommended Global LEI Framework New York, NY, June X, 2012–GFMA today released the following statement in response to the Financial Stability Board’s (FSB) recommendation to the
http://www.sifma.org/uploadedfiles/news/speeches/2012/sifmageneralcounselhammermanremarksleiseminar031412.pdf
http://www.ft.com/cms/s/63c7c222-6c73-11e1-bd0c-00144feab49a,Authorised=false.html?_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2F63c7c222-6c73-11e1-bd0c-00144feab49a.html&_i_referer=#ixzz1pAuVVK8G
http://www.sifma.org/news/blog.aspx?id=8589937899&blogid=8589936046
/uploadedFiles/News/The Asian Banker - Legal entity identifiers' broad impact in Asia.pdf
