GLEIF published the monthly Global Legal Entity Identifier (LEI) data quality report, which analyzes the overall data quality in the Global LEI System. Additionally, GLEIF has updated the list of current and proposed regulatory activities, including the use of LEI. It is the prerogative of the authorities acting in individual jurisdictions to mandate the use of LEIs.
The assessment performed on March 31, 2019 shows that the LEI Total Data Quality Score remains stable above 99%. The analysis of distinct quality maturity levels met by the LEI issuers demonstrates that the percentage of LEI issuers that achieve required data quality (69%) remains essentially unchanged compared to the previous reporting period. The global LEI data quality report this month covers the following factors:
- The LEI Total Data Quality Score for the reporting period
- Progress achieved on the continuous optimization of data quality within the Global LEI System, based on the LEI Total Data Quality Score
- The Total Data Quality Score per country achieved in the reporting period
- Results of GLEIF checks of the LEI data records against implemented quality criteria—that is, the percentage of records that successfully passed the tests
- The percentage of LEI data records that meet the requirements of distinct quality maturity levels
- Information on "Level 2" data, duplicates, and challenges for the reporting period
- The section "Top 5 Failing Checks" identifying the data quality checks performed by GLEIF that trigger the highest number of LEI records that fail these checks
Keywords: International, Banking, Insurance, Securities, LEI, GLEIS, Data Quality, LEI Adoption, GLEIF
EBA published a report analyzing the impact of the unwind mechanism of the liquidity coverage ratio (LCR) for a sample of European banks over a three-year period, from the end of 2016 to the first quarter of 2020.
In response to questions from a member of the European Parliament, the ECB President Christine Lagarde issued a letter clarifying the possibility of amending the AnaCredit Regulation and making targeted longer-term refinancing operations (TLTROs) dependent on the climate-related impact of bank loans.
IASB started the post-implementation review of the classification and measurement requirements in IFRS 9 on financial instruments and added the review as a project to its work plan.
FSB published a report that examines progress in implementing policy measures to enhance the resolvability of systemically important financial institutions.
EBA published a report on the benchmarking of national loan enforcement frameworks across 27 EU member states, in response to the call for advice from EC.
FSB published a letter from its Chair Randal K. Quarles, along with two reports exploring various aspects of the market turmoil resulting from the COVID-19 event.
RBNZ launched a consultation on the details for implementing the final Capital Review decisions announced in December 2019.
The Trustees of the IFRS Foundation, which are responsible for the governance and oversight of IASB, have announced the appointment of Dr. Andreas Barckow as the IASB Chair, effective July 2021.
HKMA issued a letter to consult the banking industry on a full set of proposed draft amendments to the Banking (Capital) Rules for implementing the Basel standard on capital requirements for banks’ equity investments in funds in Hong Kong.
ESRB published an opinion assessing the decision of Swedish Financial Supervisory Authority (FSA) to extend the application period of a stricter measure for residential mortgage lending, in accordance with Article 458 of the Capital Requirements Regulation (CRR).