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Events



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
    To register, click here

    SPEAKERS


    STEPHAN WOLF
    Chief Executive Officer
    Global Legal Entity Identifier Foundation


    SATORU YAMADERA
    Principal Financial Sector Specialist
    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)
    To register, click here

    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
    To register, click here

    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
    To register, click here

    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
    To register, click here

    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
    To register, click here

    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, Wednesday
    Time: 4:00PM Manila Time
    To register, click here

    SPEAKERS


    NURASHIQUIN ASRI
    Deputy Director, Investment Operations and Financial Market
    Bank Negara Malaysia


    SATORU YAMADERA
    Principal Financial Sector Specialist
    Asian Development Bank

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