ID LEI Blog - Latest News on Financial Regulations and LEI Code

Blog News

Recent Post

LEI codes in KYC process: a key tool for financial transparency

The concept of KYC (Know Your Customer) is becoming increasingly important in the management of commercial and financial relationships. Accurately identifying customers, understanding the nature of their activities and verifying the reliability of counterparties have become essential requirements for operating in a compliant and risk-aware manner.

READ POST

LEI Code and the Markets in Crypto-Assets (MiCA) Regulation: A New Scenario for the Financial Market

In recent years, the cryptocurrency market has experienced exponential growth. However, the lack of clear regulation has made the sector vulnerable to risks such as fraud, volatility and lack of transparency.

READ POST

The EMIR Refit Regulation: News and Impacts on Financial Reporting

The EMIR Refit Regulation introduced significant updates to the original 2012 EMIR framework. Its primary goal is to reduce risks in derivative transactions while increasing market transparency.

READ POST

LEI Code & CHAPS Payments: UK Requirements and Benefits

As of June 2023, the LEI Code has become a mandatory requirement for CHAPS payments in the UK. This regulatory update aims to enhance transaction security and transparency across financial markets. Learn how the LEI Code impacts businesses and how to effectively comply with the regulations introduced by the Bank of England.

READ POST

ID LEI expands its international presence: Issuing the LEI Code in new Jurisdictions

ID LEI, InfoCamere's LEI Code issuing service, has extended its reach into new jurisdictions, offering support in Malta, Belgium, South Africa, Australia, India, Ireland, and Austria. Thanks to this expansion, more and more businesses will be able to obtain and manage their LEI code quickly, easily and in compliance with international standards.

READ POST

Issue of LEI codes for Funds in Luxembourg

It is essential to use the LEI code for funds domiciled in Luxembourg, one of Europe’s most important financial centres. InfoCamere offers a fast, simple service to request and obtain the LEI code, in compliance with international regulations such as MiFID II, EMIR and SFTR. We guarantee transparency, regulatory compliance and assistance in multiple languages.

READ POST

InfoCamere Best-performing LOU by GLEIF

InfoCamere, as the main Local Operating Unit (LOU) in Italy, has been awarded by GLEIF (Global Legal Entity Identifier Foundation) in 2024, for the second consecutive year, with the prize for "Best-Performing LEI Issuer in the Large-Cap Category (more than 100,000 LEIs under management)"

READ POST

How long does it take to get an LEI Code?

How long does it take to get an LEI Code? And which factors influence the issue time? One of the fastest ways to get the LEI Code is through the FastLEI service, provided by InfoCamere, which has proved to be a fast, reliable option for for issuing or renewing this identifier.

READ POST

The Digital Operational Resilience Act (DORA) and the potential role of the LEI code: what we know so far

The Digital Operational Resilience Act (DORA), is one of the main European Union initiatives to strengthen digital operational resilience in the financial sector. The aim is to mitigate the risks connected to information and communication technology (ICT) and the third-party providers that offer these services to financial entities (FEs).

READ POST

LEI Code: security and efficiency in cross-border payments

In the rapidly evolving global financial landscape, the security and efficiency of cross-border transactions have become crucial priorities. In this context, the LEI Code (Legal Entity Identifier) emerges as a key means of improving the traceability and validity of international financial operations.

READ POST

What is an LEI code and what is this standard used for

The LEI (Legal Entity Identifier) is a globally recognized standard designed to ensure transparency and trust in financial transactions. Based on the ISO 17442 standard, the LEI assigns a unique alphanumeric code to legal entities participating in financial markets, making it easier to identify and monitor risks. Introduced after the 2008 financial crisis, the LEI improves regulatory compliance, operational efficiency, and risk management. It is managed by Local Operating Units (LOUs), and InfoCamere is one of the leading issuers, offering direct assistance and real-time data access through its ID LEI service.

READ POST

Why the LEI Code was created: MiFID II and MiFIR

The LEI (Legal Entity Identifier) Code was created in response to the 2007-2008 financial crisis, aiming to enhance transparency in financial transactions by uniquely identifying legal entities. Managed by GLEIF and coordinated by the FSB, the LEI Code allows regulators and financial institutions to monitor and manage financial risks more effectively. The MiFID II and MiFIR regulations, implemented in 2018, further strengthen investor protection and market transparency, requiring the use of LEI Codes in various financial transactions to ensure compliance and risk management across the EU.

READ POST

What is the impact of the LEI (Legal Entity Identifier) system on anti-money laundering regulations?

The LEI (Legal Entity Identifier) system plays a key role in anti-money laundering (AML) regulations by ensuring the clear identification of legal entities involved in financial transactions. By standardising the identification process globally, the LEI improves transparency and traceability, particularly in cross-border transactions. It helps financial institutions meet Know Your Customer (KYC) and Customer Due Diligence (CDD) requirements, reducing fraud and increasing operational efficiency. The LEI Code enhances regulatory compliance, supporting banks in verifying counterparties and mitigating systemic risk.

READ POST

Do you want to know everything about an LEI Code?

Search for it among those in the GLEIF database.
If you are looking for yours, you can directly manage, renew or transfer it from here.