Top reasons TLS/SSL Certs can benefit from LEI
We started thinking about even more reasons why TLS/SSL Certs can benefit from closer ties to LEIs.So many strong reasons why and how LEIs and Digital Certificates should become more closely allied
We started thinking about even more reasons why TLS/SSL Certs can benefit from closer ties to LEIs.So many strong reasons why and how LEIs and Digital Certificates should become more closely allied
The 2008 financial disaster that hit the United States and ended with the collapse of its fourth-largest investment bank, made something painfully clear: The U.S. government and its financial institutions have been experiencing a severe inability to efficiently identify legal entities.
If you think that big data and business intelligence are modern terms you need to update your definition of modernity to include 19th century. It was then when a banker named Henry Furnese got an advantage over his colleagues by analyzing available information in a structured manner spearheading data analysis for commercial purposes. Fifteen years later the company that is now known as IBM was founded in the USA – data was now officially useful and money could be made from it.
New beta API gives developers access to the full LEI Data search engine functionality, including filters, full-text and single-field searches of legal entity and ownership data, and “fuzzy” matching of relevant data fields such as names and addresses.
In a speech at the GLEIF Meet the Market Event 2020 in Amsterdam, Klaas Knot, the Vice Chair of the Financial Stability Board (FSB), has addressed, among other things, how the LEI has helped to make the financial system safer. He says: “Authorities can use it for many different regulatory purposes. They can, for example, use the LEI to monitor financial risk, to keep track of financial entities’ aggregate risk exposure, for resolution planning.”