GLEIF Confirms BNP Paribas as Latest Validation Agent in the Global LEI System

BNP Paribas can now enhance its newly onboarded client experience by expediting LEI issuance

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The Global Legal Entity Identifier Foundation (GLEIF) today announces that BNP Paribas has become the latest global financial institution to be approved as a Validation Agent in the Global LEI System.

The addition of BNP Paribas to the Global LEI System marks the first global systemically important bank (G-SIB) headquartered in the European Union to join the Validation Agent program.

BNP Paribas proactively provides Corporate and Institutional Banking (CIB) clients with an LEI, ensuring the long-term efficacy of new processes by providing high data accuracy. BNP Paribas obtains LEIs for CIB clients as they are onboarded and will ensure LEI completeness during the KYC recertification process. This enables the bank to streamline onboarding processes and deliver a more convenient client experience by simplifying the entity identification procedures.

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