The event is open to EuroCham members only.
Synopsis
We cordially invite you to join our exclusive sharing session with Stephan Wolf, the CEO of the Global Legal Entity Identifier Foundation (GLEIF). GLEIF is a supra-national, not-for-profit organisation, established by the Financial Stability Board in June 2014. The organisation’s primary mission is to support the implementation and use of the Legal Entity Identifier (LEI).
During this session, we will delve deep into the crucial topic of ‘Trust in Cross-Border Trade, Trade Finance and Transactions’. We will explore how to identify and verify your counterparty in cross-border trade and transactions, focusing on the role of LEI in mitigating financial crimes and promoting efficient, transparent trade practices.
Identification & Verification of Counterparties in Transactions
During our event, we will explore the use of the LEI in fostering trust, streamlining KYC procedures, and promoting transparency in trades. We’ll examine how it combats fraud in trade and finance, addressing key industry concerns. Further, we will discuss GLEIF’s role in leveraging technologies like digital certificates and decentralised business identities (verifiable LEI) to facilitate businesses in autonomously verifying the authenticity of their counterparties in digital transactions.
Programme
02.00 pm Registration
02.15 pm Welcome Remarks & Housekeeping by EuroCham
02.20 pm Opening Remarks by Ms Anju Abrol, Board Member of EuroCham
02.25 pm Presentation by Mr Stephan Wolf, Global Legal Entity Identifier Foundation (GLEIF)
02.35 pm Fireside Chat and Live Q&A (moderated by Dr Tom James, Co Chair of the Digital Economy Committee)
03.25 pm Key Takeaways and Closing Remarks by Dr Tom James, Co Chair of the Digital Economy Committee
03.30 pm End of Event
The organisers reserve the right to change the programme content without giving prior notification or any reasons thereof.
Speaker
Mr Stephan Wolf
Chief Executive Officer
Global Legal Entity Identifier Foundation (GLEIF)
Stephan Wolf is the CEO of the Global Legal Entity Identifier Foundation (GLEIF). In 2023, he was elected as a member of the Board of the International Chamber of Commerce (ICC) Germany. In 2021, he was appointed to an all-new Industry Advisory Board (IAB) as part of the global ICC Digital Standards Initiative (DSI). In that capacity, he serves as co-chair of the workstream on Trusted Technology Environment.
Between January 2017 and June 2020, Mr. Wolf was Co-convener of the International Organization for Standardization Technical Committee 68 FinTech Technical Advisory Group (ISO TC 68 FinTech TAG). In January 2017, Mr. Wolf was named one of the Top 100 Leaders in Identity by One World Identity. He has extensive experience in establishing data operations and global implementation strategy. He has led the advancement of key business and product development strategies throughout his career.
Mr. Wolf co-founded IS Innovative Software GmbH in 1989 and served first as its managing director. He was later named spokesman of the executive board of its successor, IS.Teledata AG. This company ultimately became part of Interactive Data Corporation, where Mr. Wolf held the role of CTO. Mr. Wolf holds a university degree in business administration from J. W. Goethe University, Frankfurt am Main.
Moderator
Dr Tom James
CEO & CIO, TradeFlow Capital Management
Co-Chair of the Digital Economy Committee, EuroCham
Tom James is CEO & CIO and a co-founder of the Trade Flow Funds, the innovative digitised trade finance solution for bulk physical commodity transactions being shipped or stored around the world. Tom is a serial Commodity FinTech entrepreneur with a history of combining technology with best practice in order to create innovative industry services & solutions within the Commodity Industry. He has over 30 yrs of commercial exposure gained through a broad range of senior executive roles in trading, investment management, commodity finance (Trade and Project) & advisory. He is called upon by governments & multinationals for advice & insight on market developments. In 2014 he was called upon to serve as a Senior Energy Advisor to the United States Department of Defense (TFBSO) and he currently sits on the “Financing Advisory Resources” panel for Enterprise Singapore, the trade development body of the Singapore Government. Tom is also a successful published author and holds a PhD from Middlesex University, UK.
POST-EVENT:
On 5 September, EuroCham Singapore organized a privileged discussion with Stephan Wolf, CEO of the Global Legal Entity Identifier Foundation (GLEIF). Established by the Financial Stability Board, GLEIF plays a pivotal role in overseeing the integrity of the Global Legal Entity Identifier (LEI) System. GLEIF ensures businesses are clearly identified in financial transactions, increasing global transparency. With the rise of digital trade, GLEIF also focuses on broader data verification, offering a robust and verifiable mechanism to ascertain identities and validate data. Dive deeper into this subject on the GLEIF website or connect with Adrian in Singapore.
The session, attended by members from the Digital Economy and Financial Services, was expertly moderated by Tom James.
A big thanks to Stephan Wolf, Adrian Ng, Anju Abrol for providing the opening remarks and especially to EU Delegation in Singapore, Justyna Lasik and Jean Pierre De Meerleer Sánchez for hosting the event.