Latest opinions that Stephan Wolf has shared on Finextra

Join the Community

21,997

Expert opinions

44,168

Total members

415

New members (last 30 days)

152

New opinions (last 30 days)

28,672

Total comments

Join Sign in

Stephan Wolf

CEO

Global Legal Entity Identifier Foundation

Member since

12 Jun 2020

Location

Frankfurt

View Stephan Wolf's full profile

Stephan's opinions

How the vLEI Enables Digital Verifiability in Financial and ESG Reporting and Beyond

The obligations on legal entities to increase their corporate transparency continue to evolve, most notably in ESG and financial reporting. For ESG to be truly credible, however, both as a subset of financial reporting and as a standalone requirement, a global climate information architecture is sorely needed. Creating such an architecture, howeve...

24 November 2023 /regulation /identity Regulatory Reporting

The Missing Ingredient for Globally Compatible ESG Data Collation and Reporting

According to EY’s 2021 Global Corporate Reporting Survey, 76% of the world’s major finance leaders back the need for globally consistent environmental, social and governance (ESG) standards. Stephan Wolf explains why ensuring a holistic entity identification mechanism through a global standard – such as the Legal Entity Identifier (LEI) - is a fo...

04 February 2022 /regulation /identity

Why Financial Inclusion in Emerging Markets is the Backbone of a Strong Global Supply Chain

LSEG (London Stock Exchange Group), Zimbabwe’s NMB Bank Limited, GLEIF, Cenfri and Cornerstone Advisory Plus recently collaborated to launch the first iteration of GLEIF’s digital business identity initiative in Africa. This has been a success for all involved, making it a model showcase for how small and medium-sized enterprises (SMEs) across the...

17 November 2021 /inclusion /identity Financial Inclusion

When Process Creates Potential: New Opportunities for Banks in Client Onboarding

By adjusting their onboarding processes financial institutions can enhance their client experience, reduce costs and pave the way for new cross border services, explains Stephan Wolf, CEO, Global LEI Foundation. It’s no secret that regulatory compliance doesn’t always sit comfortably with a bank’s desire to deliver a smooth, hassle free user experi...

09 November 2020 /security /identity Digital Identity Management

The Embedded Benefits in ESEF Digital Financial Reporting

In a battle for significance, no other public facing business document can match the annual financial report. It is the document that a public corporation must, by law, publish to describe its operations and financial condition, and to chronicle its activities over the past twelve months. Shareholders, investors and the wider financial ecosystem m...

12 October 2020 /regulation /identity

Digital ID Management: Why the World Needs the LEI

It is the only open, standardized and regulatory-endorsed system capable of establishing digitized trust between all legal entities, everywhere. There is a fundamental principle which often hinders development in the digital economy: trust. How can an organization trust that a supplier located hundreds of kilometers away is who they say they are? O...

04 August 2020 /identity

Supporting the European Commission’s Illicit Money Clampdown

The crucial role of the LEI in the EC’s AML-CTF legislative reforms In May 2020, the European Commission put forward a series of measures designed to strengthen the EU's fight against money laundering and terrorist financing, including an Action Plan for legislative reform of the EU’s AML-CTF framework in early 2021. Against a backdrop of rising c...

24 July 2020 /regulation

GLEIF 2019 Annual Report Showcases Early Compliance with European Single Electronic Format

GLEIF showcases how the LEIs should be included within digital, machine-readable financial documentation on the basis of ESMA’s ESEF mandate, to enhance trust and ease data aggregation, and demonstrates how simple it is to incorporate the LEI into electronic signatures as an additional best practice. For the second consecutive year, GLEIF has publ...

07 July 2020 /regulation