19 January 2018
visit www.ebaday.com

Bloomberg seeks LEI accreditation

05 May 2016  |  1831 views  |  0 Source: Bloomberg

Bloomberg announced today it has applied to the Global Legal Entity Identifier Foundation, or GLEIF, to become a Local Operating Unit, or LOU, of the Global LEI System, or GLEIS.

By submitting this application to the GLEIF, Bloomberg moves to the candidate stage of the LOU accreditation process and joins an existing network of LOU's monitored by the GLEIF.

Bloomberg is working to establish the infrastructure and other requirements mandated by the GLEIF to become an accredited LOU. These efforts are led by Bloomberg's Global Data Group, which also supports Bloomberg's responsibilities as a Registration Authority and issuer of the Financial Instrument Global Identifier, or FIGI, standard under the auspices of the Object Management Group. Peter Warms, senior manager of fixed income, symbology and entity content at Bloomberg, commented, "We are excited to have the opportunity to apply for LOU status in the Global LEI System. Participation in the GLEIS is a natural extension of our experience with open identifiers, data quality and entity data management."

An LOU is responsible for issuing a Legal Entity Identifier, or LEI, which are increasingly required to uniquely identify counterparties within reports submitted to regulatory authorities. As the global framework for establishing and maintaining the LEI system expands in both depth and scope, Bloomberg seeks to provide its entity data management expertise and resources to support the future growth and success of this system by applying to be an LOU.

As a leading provider of financial information and reference data, Bloomberg maintains information for more than 4 million public and private entities. Entity coverage includes basic business card data, such as addresses, phone and fax numbers, as well as registry information, full sanction coverage and hierarchical data consisting of immediate parent, ultimate parent and obligor.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related company information

Bloomberg

Related blogs

Create a blog about this story (membership required)
visit www.fivedegrees.nlvisit www.capgemini.comvisit www.niceactimize.com

Top topics

Most viewed Most shared
Europe begins Open Banking era in subdued styleEurope begins Open Banking era in subdued...
11663 views comments | 33 tweets | 38 linkedin
BofA leads on blockchain patentsBofA leads on blockchain patents
7094 views comments | 11 tweets | 12 linkedin
Standard Chartered establishes fintech innovation and investment unitStandard Chartered establishes fintech inn...
6487 views comments | 14 tweets | 14 linkedin
hands typing furiouslyFintech Adoption is About People, Not Tech
6296 views 1 | 6 tweets | 2 linkedin

Featured job

Competitive
New York, NY - USA (some flexibility on location)

Find your next job