Objective of the Webinar Series:

COVID-19 made us realize the importance of digitalization. But we still lack a vital enabler, particularly for cross-border transactions, commonly used for identifying an entity. Without a globally accepted standard ID, information and data flows may be stopped or slowed at the border. Further proliferation of a globally accepted ID and a good understanding of the needs is essential for a more robust, faster, and sustainable recovery from the pandemic.

In the wake of the global financial crisis in 2007, regulators worldwide acknowledged their inability to identify parties to transactions across markets, products, and regions. The Financial Stability Board (FSB), together with the finance ministers and central bank governors represented in the Group of 20 (G20), advocated developing a universal Legal Entity Identifier (LEI) applicable to any legal entity that engages in financial transactions. Implementation of the LEI will increase the authorities’ ability to evaluate systemic and emerging risk, identify trends and take corrective steps.

The merit of the publicly available LEI data pool goes beyond the hands of financial regulators. The LEI enables the precise and unique identification of legal entities by connecting to key reference information. Any interested party can access and search the complete LEI data pool free of charge and without the need to register. Broad adoption of LEIs could save the global banking sector USD 2-4 billion annually in client onboarding costs alone. This represents a saving of between 5-10 percent of the industry’s USD 40 billion annual overall costs on the practice. If banks broaden the utilization of LEIs across business lines, resulting efficiencies will generate significant cost and time savings.

The Global Legal Entity Identifier Foundation (GLEIF) was established in 2014 as a supra-national not-for-profit organization tasked to ensure the operational integrity of the Global LEI System by the initiative of the leaders of the G20 and the Financial Stability Board. In collaboration with GLEIF, the Asian webinar series aim to explain LEI, highlight the global trend of LEI adaptation, and share experience and policy directions of Asian regulators as well as business practices utilizing LEI in Asia.

Target Audience:

The members and observers of ASEAN+3 Bond Market Forum (ABMF) and Cross-Border Settlement Infrastructure Forum (CSIF) under the Asian Bond Markets Initiative (ABMI), consisting of the staff from the central banks, securities regulators, ministries of finance, stock exchanges, CSDs, financial market associations, and private sector financial experts in ASEAN+3. We welcome participation from the academia and tax authorities as well as any parties interested in the LEI.

Structure of the Webinar:

Each webinar invites two speakers for 20 min presentation each, then followed by Q&A. The duration will be one hour.

Event Details and Registration:

• Webinar 1: ADB-GLEIF Joint Asia Webinar Series on Legal Entity Identifier (LEI): Part 1 - Introduction to LEI

  Date: 28 June 2021, Monday
  Time: 4:00PM Manila Time / 10:00AM CET
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  SPEAKERS

  
  STEPHAN WOLF
  Chief Executive Officer
  Global Legal Entity Identifier Foundation
   

  
  SATORU YAMADERA
  Advisor, Economic Research and Regional
  Cooperation Department (ERCD)
  Asian Development Bank

• Webinar 2: ADB-GLEIF Joint Asia Webinar Series on Legal Entity Identifier (LEI): Part 2 - Introduction of the LEI in the United States

  Date: 30 June 2021, Wednesday
  Time: 11:00 Manila time / 8:30 India time
  (29 June 2021, Tuesday at 11:00PM US EST)
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  SPEAKERS

  
  AMY A. KABIA
  Managing Director, Party Reference Data Operations
  JP Morgan Chase

  
  LEA-ANN B. BIGELOW
  Director, Interagency Collaboration
  CBP Office of Trade

• Webinar 3: ADB-GLEIF Joint Asia Webinar Series on Legal Entity Identifier (LEI): Part 3 - Introduction of the LEI in EU

  Date: 1 July 2021, Thursday
  Time: 4:00PM Manila time / 10:00 CET
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  SPEAKERS

  
  FRANCOIS LAURENT
  Senior Manager, Statistics Department
  European Central Bank

  
  GUILLERMO DE LA FUENTE
  Senior Treasury and Risk Manager, SITA
   

• Webinar 4: ADB-GLEIF Joint Asia Webinar Series on Legal Entity Identifier (LEI): Part 4 - Introduction of LEI in India

  Date: 2 July 2021, Friday
  Time: 4:00PM Manila time / 1:30PM India time
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  SPEAKERS

  
  P. VASUDEVAN
  Chief General Manager
  Reserve Bank of India (RBI)

  
  ARUN K. PANDEY
  Senior Vice President
  The Clearing Corporation of India Limited

• Webinar 5: ADB-GLEIF Joint Asia Webinar Series on Legal Entity Identifier (LEI): Part 5 - Introduction of the LEI in China

  Date: 5 July 2021, Monday
  Time: 4:00PM Manila Time
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  SPEAKERS

  
  FENG LEI
  Section Chief, Standardization & Planning
  Division, Technology Department
  People’s Bank of China

  
  ZHANG YANZHAO
  Senior Strategy Analyst, Strategic
  Development Department
  China Financial Certification Authority

• Webinar 6: ADB-GLEIF Joint Asia Webinar Series on Legal Entity Identifier (LEI): Part 6- Introduction of the LEI in Trade

  Date: 7 July 2021, Wednesday
  Time: 4:00PM Manila Time
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  SPEAKERS

  
  OSWALD KUYLER
  Managing Director DSI
  International Chamber of Commerce

  
  HANS HUBER
  Senior PO Trade Finance Innovation R&D
  Commerzbank Germany

• Webinar 7: ADB-GLEIF Joint Asia Webinar Series on Legal Entity Identifier (LEI): Part 7 - Introduction of the LEI in ASEAN

  Date: 9 July 2021, Friday
  Time: 4:00PM Manila Time
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  SPEAKERS

  
  NURASHIQIN ASRI
  Deputy Director, Governor's Office
  Investment Operations and Financial Market Department
  Bank Negara Malaysia

  
  SATORU YAMADERA
  Advisor, Economic Research and Regional
  Cooperation Department (ERCD)
  Asian Development Bank

• Webinar 8: ADB-GLEIF Joint Asia Webinar Series on Legal Entity Identifier (LEI): Part 8 - Panel Discussion: How to maximize the benefit of the LEI in Asia

  Date: 12 July 2021, Monday
  Time: 4:00PM Manila Time ǀ 10:00AM CET ǀ 1:30PM India
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  MODERATOR

  MR. Satoru Yamadera
  Advisor
  Economic Research and Regional
  Cooperation Department (ERCD)
  Asian Development Bank

  PANELIST:

  • Mr. Daisuke Miura, Public Management Specialist (Taxation), Asian Development Bank
  • Mr. Stephan Wolf, Chief Executive Officer, Global Legal Entity Identifier Foundation (GLEIF)
  • Mr. Hans Huber, Senior PO Trade Finance Innovation R&D, Commerzbank Germany
  • Ms. FENG Lei, Section-Chief, Technology Department, People’s Bank of China (PBOC)
  • Mr. ZHANG Yanzhao, Senior Strategy Analyst, China Financial Certification Authority (CFCA)
  • Mr. P. Vasudevan, Chief General Manager, Reserve Bank of India
  • Mr. Masayuki Tagai, ISO20022 RMG Convenor
  • Ms. Nurashiqin Asri, Deputy Director, Investment Operations and Financial Market, Bank Negara Malaysia (BNM)
  • Mr. Oswald Kuyler, Managing Director DSI, International Chamber of Commerce (ICC)