Summarily, as outlined in the infographic below put together by the folks at Zion Tech Group Blog, you can see how acquisitions and mergers keep growing and which company owns another known company till date. Please click on the image to view an enlarged version. Tweet this! Share on Facebook. Pin this! Mail this! Share on LinkedIn. Find this post useful? A prudential supervisor wants to examine the safety and soundness of a bank.
The OFR wants insight into risks and how they propagate throughout the financial system. The financial services industry also needs transparency — into the risks in a bank, the health of a counterparty, or the return on an investment. All of these insights give us confidence that our markets are working as intended, and that our government has the ability to monitor the health of the system and act if necessary.
So, transparency is no small matter. It undergirds our confidence that the financial services industry can deliver its core services. But transparency is impossible if the information being provided is impenetrable. It gets garbled and becomes noise. Regulators and supervisors can make good decisions only if they have access to good information at decision time. There are times when they need reliable information on short notice, without having to wait for data to be cleaned or to find an expert to explain it.
So do financial market participants. It is important to note that I did not say more information is essential for transparency. My point is that better information is essential for transparency — and data standards help yield better information. The result can be information-overload that obscures important facts rather than clarifies them. In this way, an effort to advance transparency can end up having the opposite effect.
To illustrate the point, I dug up the paperwork on a commercial mortgage-backed security issued by a major bank. The prospectus alone runs pages. The section on risk factors covers. The good news is that the SEC just adopted a rule requiring that this kind of paperwork be made computer readable, so information is readily available at decision time.
That kind of problem — making sure the information necessary to make a decision is available at decision time — is why the OFR, other U. The LEI will ultimately help us answer three basic questions: Who is who? With more timely answers to these three basic questions, we can better understand threats that could prevent this industry from delivering its core services to the economy. About this time last year, 80, LEIs had been issued and we were busily putting together the global LEI foundation that would eventually take day-to-day operational control of the system.
I am happy to report today that the future has arrived. The LEI system has moved out of the start-up phase and into operational mode. The foundation is up and running, and the LEI is spreading across the globe. The foundation makes good on the promise that the LEI initiative is a public-private partnership. The public sector ensured that the LEI would be a global standard that met official needs and served a public purpose.
The private sector made sure the LEI would hold value for financial firms by reducing confusion, increasing efficiencies, and one day forming the backbone of internal data management. He has broad and deep experience working with market data and market utilities. The rest of the board is a globally balanced group of financial and industrial executives, data standards experts, and risk consultants.
The board has hired a CEO from the financial data-vendor field who keenly understands what it takes to build and manage a market-data utility. The foundation also has funding and a strategy for continued progress. To date, almost , LEIs have been issued to entities from countries. Index of Shareholders of Listed Companies. Index of Directors. Index of Subsidiary and Associate Companies. Index of Investments. Abbreviations of Listed Companies. Companies Categorised by Sector. Companies Listed by Financial Year End.
Companies Categorised by Transfer Secretary. Newly Listed Companies. Companies Recently Delisted.
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