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Global Legal Entity Identifier Foundation (GLEIF) The ID2020 Alliance is a global partnership maximizing the potential of digital ID to improve lives. Established by the Financial Stability Board in June 2014, the Global Legal Entity Identifier Foundation (GLEIF) is tasked to support the implementation and use of the Legal Entity Identifier (LEI). The foundation is backed and overseen by the LEI Regulatory Oversight Committee, representing public authorities from around the globe that have come together to jointly drive forward transparency within the global financial markets. GLEIF is a supra-national not-for-profit organization headquartered in Basel, Switzerland.
Organizations
GLEIF
Verifiable Credentials
Serto
CFCA
DigiCert
InfoCert
DIZME
Entrust
Datacard
ICAI India
SwissSign
Evernym
Ubisecure
organizations/gleif/
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2021-04-17 FALSE

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Established by the Financial Stability Board in June 2014, the Global Legal Entity Identifier Foundation (GLEIF) is tasked to support the implementation and use of the Legal Entity Identifier (LEI). The foundation is backed and overseen by the LEI Regulatory Oversight Committee, representing public authorities from around the globe that have come together to jointly drive forward transparency within the global financial markets. GLEIF is a supra-national not-for-profit organization headquartered in Basel, Switzerland. - This is GLEIF

About

the evolution of LEIs since the financial crisis of 2008, the difference between high assurance and low assurance, and the relationship between rights and ownership as it relates to identity management of entities.

Organization

  • The Seven Step Process to Becoming a Validation Agent: a closer look at the trial process with GLEIFs latest eBook

    By becoming Validation Agents financial institutions can also streamline, accelerate and diversify their use of the LEI, and ensure their autonomy as they look to digitize their business processes.

  • Q1 2021 in review

    The LEI in Numbers: Data from the latest Global LEI System Business Report reveals LEI adoption from January to March 2021.

  • 2021 GLEIF Annual Report

    In addition to extending regulatory adoption in financial services, the sector in which the Legal Entity Identifier (LEI) originated, we created opportunities to boost LEI acceptance among new audiences. By identifying and creating value for new LEI registrants and users worldwide, we have been successful in showcasing how the LEI enables smarter, less costly, and more reliable business decisions. This is a key advantage during times of economic, social, and political turmoi

  • GLEIF Launches New Stakeholder Group to Accelerate the Integration of LEIs in Digital Certificates

    GLEIF has launched a CA Stakeholder Group to facilitate communication between GLEIF, CAs and TSPs from across the world, as they collectively aim to coordinate and encourage a global approach to LEI usage across digital identity products. Participation has already been confirmed by China Financial Certification Authority (CFCA), DigiCert Inc, InfoCert, Entrust Datacard, ICAI India, and SwissSign.

  • LEIs to enable corporate digital ID with verifiable credentials

    The Global Legal Entity Identifier Foundation (GLEIF) is the umbrella body that delegates responsibility for issuing LEIs to local organizations.

    Its such a pressing issue that it was raised by the OECD and B20 (G20 business) just three months ago when they suggested a Global Value Chain (GVC) Passport.

vLEI

  • GLEIF Press Release

    Following a series of 2020 research initiatives, GLEIF has invited stakeholders from across the digital economy to engage in a cross industry development program to create an ecosystem and credential governance framework, together with a technical supporting infrastructure, for a verifiable LEI (vLEI), a digitally verifiable credential containing the LEI.

  • The Birth of the vLEI: A New Dawn in Digital ID for Legal Entities Everywhere GLIEF

    Using KERI, vLEIs can be created and utilized independently of any specific organization, with the highest levels of security, privacy, and ease of use. KERI also enables GLEIF and the vLEI trust ecosystem to operate under GLEIFs governance framework, unencumbered by the governance of external systems, including those of blockchains and distributed ledger consortia.

  • InfoCert adheres to the GLEIF International Foundation's program for promoting vLEI

    The vLEI is a cryptographically verifiable credential according to W3C standards and containing the LEI ( Legal Entity Identifiers ), the identification code of legal entities made mandatory by Mifid II in order to operate on the financial markets: InfoCert, formerly LOU ( Local Operating Unit ) authorized by GLEIF will adopt vLEI as an identification standard within its DIZME ecosystem , the blockchain-based decentralized digital identity platform.

  • Legal Entity Identifier News from Q1

    Taking the LEI one step further from entity identification to individuals is a huge development for the digital identity industry and one that has been supported by our partners at RapidLEI. We wrote a full blog on the story to explain why vLEIs are important and how we expect they can add value to the industry with some solid examples such as mobile driving licenses and healthcare service delivery.

  • eBook: The vLEI: Introducing Digital I.D. for Legal Entities Everywhere
  • Self-sovereign digital identity, vLEI as identification standard for InfoCert DIZME network

    Through vLEIs, companies, government organizations, and other legal entities around the world will have the ability to identify themselves unambiguously, even outside of the financial markets, to conduct a growing number of activities digitally, such as:

    • the approval of transactions and contracts,
    • the acquisition of new customers,
    • transactions within logistics chain and import/export networks,
    • the submission of reports and prospectuses to regulatory bodies. Also, vLEIs will allow for the extension of identity verification of legal entities to include individuals who fill roles of interest within those entities.
  • Digital Identity: Its All About Authenticity video from GLEIF

    Through the creation of the verifiable Legal Entity Identifier (vLEI), GLEIF has created a universal system of organizational identity that answers this need. The vLEI enables instant and automated business verification for all legal entities and their official representatives

  • Ubisecure announces support for Organisation Verifiable Credentials the Global LEI Foundation verifiable LEI
    • The verifiable LEI (vLEI) is an organisation-based Verifiable Credential that asserts trusted organisation identity and the roles of authorised representatives and employees.
    • Ubisecure and its partner network will issue vLEIs. Pre-registration for Pilot Programme opened.
    • Ubisecure Identity-as-a-Service and Customer IAM solutions will support vLEI adoption to help manage employee rights through its Representation Governance capabilities.
    • “vLEI brings the LEI to a wider audience” says Ubisecure.
  • GLEIF vLEI - Verifiable Credentials containing LEI RapidLEI

    The new service based on a digitally verifiable credential containing the LEI. Based on self-sovereign identity (SSI), the vLEI enables automated trusted identity verification between counterparties.

  • GLEIF Advances Digital Trust and Identity for Legal Entities Globally 

    Drummond Reed, Steering Committee Member, Trust-over-IP-Foundation, comments: “The vLEI has the potential to become one of the most valuable digital credentials in the world because it is the hallmark of authenticity for a legal entity of any kind. The family of digital credentials in the GLEIF vLEI Governance Framework can serve as a chain of trust for anyone needing to verify the legal identity of an organization or of a person legally acting on that organizations behalf. The demand this will create for LEIs — and the impact it will have on adoption of self-sovereign identity — cannot be overestimated. It will be a sea change for digital trust infrastructure that will benefit every country, company, and citizen in the world.”

  • Introducing the Verifiable LEI (vLEI)

    The vLEI infrastructure will be a network-of-networks of true universality and portability, developed using the KERI (Key Event Receipt Infrastructure) protocol. It will support the full range of blockchain, self-sovereign identity and other decentralized key management platforms. vLEIs will be hostable on both ledgers and cloud infrastructure supporting both the decentralization of ledgers plus the control and performance of cloud. Portability will enable GLEIFs vLEI ecosystem to unify all ledger-based ecosystems that support the vLEI.

Standardization

Finance