GLEIF Webcast ‘Creating Business Value with the LEI’
On 16 November 2017, the Global Legal Entity Identifier Foundation (GLEIF) hosted a webinar covering the following topics: We took the opportunity to remind market participants again to obtain an LEI in readiness of the European Union revised Markets in Financial Instruments Directive and Regulation (MiFID II / MiFIR) applicable from 3 January 2018 onwards. We also offered insight on how we continuously increase the information available within the LEI data pool, achieve data quality and make it ever easier for data users to access information. In addition, we summarized the main findings of research into LEIs carried out by McKinsey & Company and GLEIF, which examines potential use cases of the LEI in the process of streamlining legal entity identification. The resulting white paper identifies that the financial services industry can benefit from savings, efficiencies and greater reliability in entity verification, worth a combined annual value of $650m.