GLEIF published the latest quarterly Global LEI (Legal Entity Identifier) System Business Report, which highlights key developments relevant to the adoption of LEI. The report assesses annual growth and renewal expectations, evaluates the level of competition among the LEI-issuing organizations operating in the Global LEI System, and analyzes LEI renewal rates and reference data corroboration.
Since July 2017, as part of this report, GLEIF also delivers statistics on direct and ultimate parent information provided by legal entities. This Global LEI System Business Report analyzes developments observed in the third quarter of 2018. The report provides information related to the following:
- State of play of LEI issuance and LEI growth potential
- Competition in the Global LEI System
- LEI renewal rates
- Level 1 reference data corroboration
- Statistics on the reporting of parent information by legal entities
The report finds that approximately 56,800 LEIs were issued in the third quarter of 2018 compared to approximately 71,300 in the second quarter; this represents a quarterly growth rate of 4.8% in the third quarter (second quarter: 6.3%). The report identifies the least and most competitive markets of those with more than 1,000 LEIs, based on the number of LEI issuers providing services in the country. In the third quarter of 2018, Italy, Spain, the Netherlands, the U.S., and Finland remained among the five least competitive markets in descending order. Romania, Lithuania, Portugal, Bulgaria, and Malta were among the five most competitive markets in descending order. Additionally, during the reporting period, the highest renewal rates were demonstrated by Japan (90.4%), Finland (89.5%), India (87.6%), Liechtenstein (87%), and Norway (82.7%).
Keywords: International, Securities, LEI, GLEIS, Business Report, Reporting, GLEIF
Previous ArticleBIRD Initiative of ESCB Publishes Documentation on BIRD Release 2.1
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).