GLEIF published the monthly global Legal Entity Identifier (LEI) data quality report, which analyzes the overall data quality in the Global LEI System. The assessment performed as of January 31, 2019 shows that the percentage of LEI issuers that publish their full portfolio at the required quality level remains stable at 66%. In this reporting period, LEI issuers most improved performance with regard to the quality criterion "Provenance." The Total Data Quality Score remains above 99%.
The 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, LEI, GLEIS, Data Quality, GLEIF
In a letter addressed to the industry, the Australian Prudential Regulation Authority (APRA) set out an updated schedule of policy priorities for the banking, insurance, and superannuation industries.
The European Commission (EC) adopted a comprehensive review package of Solvency II rules in the European Union.
The Office of the Comptroller of the Currency (OCC) issued Versions 1.0 of the "Earnings" and "Regulatory Reporting" booklets of the Comptroller's Handbook.
The European Central Bank (ECB) published results of its economy-wide climate stress test, which aimed to assess the resilience of non-financial corporates and euro area banks to climate risks.
The European Banking Authority (EBA) published a report on the use of digital platforms in the banking and payments sector in European Union.
The Hong Kong Monetary Authority (HKMA) published updates on the policy measures that were announced in context of the ongoing pandemic.
The International Swaps and Derivatives Association (ISDA), along with several other associations, submitted a joint response to the Basel Committee on Banking Supervision (BCBS) consultation on preliminary proposals for the prudential treatment of cryptoasset exposures.
BIS published the September issue of the Quarterly Review, which contains special features that analyze the rapid rise in equity funding for financial technology firms, the effectiveness of policy measures in response to pandemic, and the evolution of international banking.
The Basel Committee for Banking Supervision (BCBS) met in September 2021 and reviewed climate-related financial risks, discussed impact of digitalization, and welcomed efforts by the International Financial Reporting Standards (IFRS) Foundation to develop a common set of sustainability reporting standards
The Office of the Comptroller of the Currency (OCC) issued a Cease and Desist Order against MUFG Union Bank for deficiencies in technology and operational risk governance.