Karla McKenna has been the head of standards for the Global Legal Entity Identifier Foundation (GLEIF) for slightly more than a year and in mid-June she provided an update on the worldwide LEI push at the SecOps North America 2016 conference in Toronto, sponsored by Financial Technologies Forum (FTF). (McKenna was a presenter at the event.)
A specialist in financial standards, McKenna, who is also a director at Citi, has been facilitating the development and implementation of GLEIF standards and is working with other organizations such as the International Organization for Standardization (ISO) to bolster the operational integrity of the Global Legal Entity Identifier System (GLEIS).
During the FTF conference, McKenna answered a few questions from FTF News about the progress of the GLEIF effort, particularly the need to link relationship data to LEI data. In the interview, McKenna referenced a report, released in March, from the LEI Regulatory Oversight Committee (ROC) that outlines the first phase of collecting data on “direct and ultimate parents” of legal entities. These specifications will be implemented within the Global Legal Entity Identifier System (GLEIS).
At a high level, the LEI push was always meant to include data on “who is who, who owns whom and ultimately who owns what,” McKenna says.
CREDITS:
Video Production: Janene Knox and William J. Poznanski, Jr.
Interview conducted by: Eugene Grygo, chief content officer, FTF News
Co-Producers: Sarah Hathaway, vice president, Financial Technologies Forum (FTF) and Eugene Grygo
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