GLEIF

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Yes, GLEIF agrees with the EBA’s reasoning on the requirements for common and secure standards of communication for the purpose of identification and to support authentication of parties through trusted means.
GLEIF particularly sees a potential role for the LEI in this implementation of PSD2 and open banking as a reliable and verifiable identification of a legal entity. The LEI, as the identity management key, could provide a reliable means for two parties to identify each other through trusted means, especially in the case of verification by Payment Service Providers (PSPs) that Third Party Payment Provider (TPPs) are authorized to provide services.
As defined in Article 14 of Directive (EU) 2015/2366, the account information service providers and payment initiation service providers should be available in the public register of the home Member State. These registers could rely on the information in the Global Legal Entity Identifier System (GLEIS) first to verify the identity of the PSPs and TPPs and then include the LEI in the list of authorised service providers in the public registers EBA Register and the registers of the National Competent Authorities.
Use of the LEI is especially relevant in the case of verification across borders and will avoid fragmentation among the EU Member States in the implementation of PSD2 and is consistent with the EBA’s endorsement earlier this year for the use of LEI by EU Authorities. Inclusion of the LEI on the registers for PSD2 authentication and verifications also would allow consumers to look up the identity of all payment providers free of charge in the public LEI repository.
Registration facilities for the assignment of LEIs for financial institutions in the payments industry and TPPs already are in place. GLEIF currently provides search and look up as well as download capabilities for LEI codes and their corresponding data records.
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[Other "]"
Swiss non-profit foundation
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GLEIF manages a network of partners, the Legal Entity Identifiers (LEIs) issuing organizations, to provide trusted services and open, reliable data for unique legal entity identification worldwide.
Yes
stephan.wolf@gleif.org
Stephan Wolf, CEO
+69 69 907699911
Yes